Yankee Publishing transfers 30% of shares to employees

Yankee Publishing will be transferring 30% of its shares to the company’s employees. This will be happening through an Employee Stock Ownership Plan (ESOP). The announcement was made Friday. The company publishes Yankee, New Hampshire Magazine, NH Business Review, and various other publications.

Yankee Publishing is family-owned and has been in business for 84 years. The family plans to eventually sell all of the company’s stock into the ESOP over time. There will be no change in management or operations as a result of the sale.