New Media interested in buying business publications
New Media Investment Group, which recently purchased Dolan’s business newspapers, is interested in adding to its portfolio, writes Jon Chesto of the Boston Globe.
Chesto writes, “Davis says his company will look to add more B2B media brands to its portfolio through future acquisitions. ‘The key is to expand the current properties that come with the deal, and [then] add to the group,’ Davis says in an email.
“Yes, the New Media/GateHouse expansion model often involves cost-cutting. ‘Certainly there are some synergies that we can capitalize on, but our primary focus will be on growth,’ Davis says, referring in part to plans to improve Dolan’s online presence. ‘They don’t have a digital suite of services today.’
“Here in Boston, Publisher Susan Bocamazo says she doesn’t expect any staffing changes to the 17-person team running Massachusetts Lawyers Weekly and Rhode Island Lawyers Weekly. She says there could be opportunities for her publications to share stories with the local GateHouse papers.”
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