GHSE News Media and Publishing Companies; Launch of 125th Affiliate

2012-04-03 11:33 ET - News Release

ROSEVILLE, Calif., April 3, 2012 /PRNewswire/ -- Find n Save® announced today investment from four major media and publishing companies – Community Newspaper Holdings Inc., GateHouse Media, Inc., Lee Enterprises and The E. W. Scripps Company.

Find n Save® offers local media affiliates a full-service, local online shopping platform, designed and deployed to provide a standardized marketplace for national advertisers and an engaging shopping experience for consumers.

Today's Find n Save® announcement includes the launch of its 125th affiliate, bringing the total number of affiliate launches in well ahead of initial forecasts. Market adoption of Find n Save® is expected to reach 275 affiliates by year-end.

Find n Save® was launched in November 2011 by eight leading media and publishing companies: Advance Digital, A. H. Belo Corporation, Cox Media Group, Gannett Co., Inc., Hearst Corporation, MediaNews Group, The McClatchy Company, and The Washington Post Co.

"This additional investment in Find n Save® underscores that the industry as a whole is addressing the needs of national advertisers by providing a network of local shopping portals across multiple markets that feature best-of-breed advertising products and shopping content for users. Currently with 125 Find n Save® affiliates in markets large and small across the United States, we have an unparalleled footprint," says Christopher Tippie, acting CEO of Find n Save®. "We welcome our newest shareholders and look forward to extending the reach of Find n Save® as a valuable platform for connecting local shoppers with retailers."