Private equity firm buys business newspaper owner Bridgetower Media

BridgeTower Media, which owns business newspapers such as the Idaho Business Review and Charleston Regional Business Journal, has been sold to a private equity firm for an undisclosed price.

Transom Capital Group has more than $600 million in assets under management and is based in Los Angeles.

BridgeTower’s publications include Massachusetts Lawyers Weekly, NJBIZ, Arizona Capitol Times, The Daily Record (MD) and Furniture Today. It also owns It also owns Long Island Business News, New Orleans CityBusiness, the Daily Journal of Commerce in Oregon, and Finance & Commerce in Minnesota. The company is based in Minneapolis.

“We’re excited to partner with Transom to expand our business and strengthen our commitment to the markets we serve,” said BridgeTower CEO Adam Reinebach in a statement.

BridgeTower Media was part of Gatehouse Media, a newspaper company that owns more than 100 newspapers across the country, before it merged with Gannett.

In 2015, Gatehouse acquired the business newspapers previously operated by Dolan Media for $35 million.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.