April 28, 2016
Columbus Dispatch acquired by New Media
Bulkley Capital represented Dispatch Printing Company (Columbus, Ohio) in the sale of The Columbus Dispatch, the ThisWeek group of 24 suburban weekly newspapers and 7 magazine titles to New Media Investment Group Inc. (NYSE: NEWM).
The Columbus Dispatch, first published in 1871, is the sole daily newspaper in what is the fifteenth largest city in the U.S. and the fastest growing market in the Midwest. Bulkley Capital was engaged to assist the paper’s high profile family ownership in identifying and quantifying their financial alternatives in the context of accelerating and challenging industry change.
Once a decision was made to pursue a sale, the family entrusted Bulkley Capital with the task based on our commitment to a targeted and highly confidential marketing effort. We were able to succeed in identifying a buyer reflecting the family’s cultural and legacy priorities and closing at a value meeting their expectations, all without any public knowledge of the process.