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The Pilot’s acquisition of “Business North Carolina” a solid strategy to diversify revenue streams

By Phelps, Cutler & Associates January 28, 2015 – Southern Newspaper Publishers Association (SNPA) reported yesterday that the twice-weekly The Pilot, headquartered in Southern Pines, N.C. has agreed to purchase Business North Carolina magazine. It will be The Pilot’s third regional magazine title. The business publication is currently owned by Red Hand Media of Charlotte, NC. The monthly magazine has ... Read More »

Former Thomson, CNHI and Pittsburgh CEO Ralph James Martin named CEO of Civitas Media

By Lou Phelps, Phelps, Cutler & Associates January 20, 2015 – Civitas Media announced today that Ralph James Martin will be the company’s new Chief Executive Officer. Versa Managing Directors Kamal Advani and Lior Yahalomi have served as interim CEO and President, respectively, since the resignation of the company’s CEO Michael Bush, in November. Advani and Yahalomi will serve on ... Read More »

Our Opinion: Multiple paid for The Boston Globe seems low

By Lou Phelps, Managing Partner, PC&A August 5, 2013 – As is to be expected, there’s a significant news swirl taking place this week around the sale of The Boston Globe to John W. Henry, principal owner of the Boston Red Sox. To be more accurate, the New York Times Company sold Henry its entire New England Media Group division ... Read More »

Despite Convention Hype, Gannett Shutters 17 Local News Sites

By Lou Phelps, Managing Principal, Phelps Cutler & Associates July 18, 2011 – At the NAA national convention in Dallas in April, several presenters from the top 10 largest media companies announced plans to build their metro brands – and reach in their states – by launching ‘hyper-local’ community news sites that will publish online only. Looks like some of them ... Read More »