GateHouse Media Sells the Suburban Life Publications to Shaw Media
FAIRPORT, N.Y. October 1, 2012 — GateHouse Media, Inc. (“GateHouse Media”), a leading multi-media company providing news and information to local communities, announced today the sale of its Suburban Life publications and affiliated products to Shaw Suburban Media Group, Inc. (“Shaw Media”), based in Dixon, Ill. Suburban Life, based in Downers Grove, Ill. is a group of 22 weekly newspapers in Chicago's western suburbs. The purchase is effective today.
Michael Reed, Chief Executive Officer of GateHouse Media, said, "Illinois is and will continue to be an important market for GateHouse Media. However, given the Chicago marketplace, Suburban Life is an extremely good fit for Shaw Media based on their penetration and focus in the surrounding Chicago market. We believe the employees, readers and advertisers will benefit long-term given Shaw Media’s focus on the region.”
"We are proud to welcome Suburban Life to our growing portfolio of family-owned, community-focused media operations," said Tom Shaw, Shaw Media President and CEO. "Our ongoing commitment to excellence and growth has helped us prosper, even in the most challenging times. We are extremely excited to be returning these respected titles to their family-owned roots.”
"Adding Suburban Life expands our print and digital footprint in the Chicago suburban region, and will give us opportunities to better serve our readers and advertisers," said John Rung, Shaw Media's Senior Vice President for media operations. Rung announced that J. Tom Shaw – the publisher at Shaw's Kane County Chronicle in St. Charles – will also serve as publisher of the Suburban Life publications.
In addition, Shaw Media has agreed to participate in adhance media, GateHouse Media’s online private ad exchange, to fill unsold inventory for Shaw Media’s digital properties. adhance media’s private ad exchange comprises more than 500 local, hyper-local and major city newspapers and broadcast sites nationwide. By leveraging the combined scale of these sites, adhance media provides agencies and advertisers with a wider national reach with locally-targeted audiences.
About GateHouse Media, Inc.
GateHouse Media, Inc., headquartered in Fairport, New York, is one of the largest publishers of locally based print and online media in the United States as measured by its 78 daily publications. GateHouse Media currently serves local audiences of approximately 10 million per week across 21 states through hundreds of community publications and local websites. GateHouse Media is traded in the over-thecounter market under the symbol “GHSE.”
For more information regarding GateHouse Media and to be added to our email distribution list, please visit www.gatehousemedia.com .
About Shaw Media
Shaw Media is a 161-year-old media company with newspapers, websites, magazines and other niche publications in St. Charles, Crystal Lake, DeKalb, Grayslake, Dixon, Sterling, Princeton, and Morris, Ill., and in Newton and Creston, Iowa. Shaw is the third oldest continuously owned and operated family media company in the nation.
Contact Information:
Mark Maring
Investor Relations
Tel: +1-585-598-6874
