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The Hearst Corporation is buying two daily newspapers in Stamford and Greenwich, Conn., from the Tribune Company.
Hearst will pay $62.4 million for the two papers, according to the New York Times.
Hearst will also buy The Advocate and Greenwich Time, but they will both be managed by privately held publisher MediaNews Group under an existing joint venture agreement with Hearst, Tribune said.
Tribune had agreed to sell the papers to Gannett last spring, but the agreement was called off after an arbitrator ruled that the sale of one of the papers would violate a union contract, writes Reuters.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Bus stops in Chicago will blow warm air on those taking shelter while they wait for the bus, courtesy of Kraft Foods and Stove Top Stuffing.
Ten shelters will sport Stove Top ads, while heated air will descend from the…
It’s official: with a full 28 days of data, ABC can claim to be the top network in terms of adults 18-49, its fourth November win in the demo. CBS can also claim a victory, winning in households and total…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
