Matthew Flamm of Crain’s New York writes about the Newhouse media operations and notes that its American City Business Journals operation is perhaps the most solid operator in the company.
Flamm writes, “The American City Business Journals unit, which Donald Newhouse bought in 1995 for about $270 million, accounts for a more stable corner of Advance’s print business.
“Observers say the 40 regional weeklies under the ACBJ umbrella have benefited from having local roots and targeted subject matter. Outsell estimates that revenue fell 16% in 2009, to $415 million, which at least gave the Charlotte, N.C.-based company a better performance than most other newspaper groups.
“‘Their readership is more loyal and less fickle than the general news readership,’ says Outsell analyst Chuck Richard. ‘That relationship with their audience allows them to maintain advertising.'”
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