USA TODAY Co. to Take the Reins of Detroit's News Scene in Major Shift for Local Journalism.
The largest newspaper publisher in the US, USA TODAY Co., has inked a deal to acquire The Detroit News from MediaNews Group, marking a significant turning point for local journalism in the Motor City. With this acquisition, The Detroit News will be part of a larger entity, shifting away from its long-standing joint operations arrangement with the Detroit Free Press.
The partnership between The Detroit News and the Detroit Free Press has been in place since 1989, allowing MediaNews Group to maintain editorial control over The Detroit News while sharing business operations. However, as the industry landscape continues to evolve, this unique model is largely being dismantled.
According to Guy Gilmore, Chief Operating Officer of MediaNews Group, the joint operating structure's conclusion led to the agreement with USA TODAY Co. Both parties expressed a desire to ensure that these publications and their distinct journalism continue to serve the Detroit area.
Despite the acquisition, both newspapers will maintain their editorial independence, publishing separately under USA TODAY Co.'s oversight. This strategic investment is expected to strengthen the network's audience and portfolio of local publications nationwide.
The two publications have rich histories β The Detroit News was founded in 1873 and has won three Pulitzer Prizes, while the Detroit Free Press was established in 1837 and boasts an impressive ten Pulitzers. Both newspapers will continue to operate continuously for over a century.
As USA TODAY Co. continues to shape the news landscape, it's essential to note that digital reach remains crucial. The two outlets rank among the top 15 most-visited local news websites in the United States, according to a recent report from NiemanLab.
Financial details of the deal have been kept under wraps, but it is expected to be funded through a mix of cash and borrowing, with financing arranged by Apollo affiliates. To address staffing concerns, editorial employees at The Detroit News will be offered positions with USA TODAY Co. upon completion of the acquisition.
The future of local journalism in Detroit now lies with USA TODAY Co., as it takes the reins of two iconic publications and seeks to shape their editorial direction while preserving their unique voices.
The largest newspaper publisher in the US, USA TODAY Co., has inked a deal to acquire The Detroit News from MediaNews Group, marking a significant turning point for local journalism in the Motor City. With this acquisition, The Detroit News will be part of a larger entity, shifting away from its long-standing joint operations arrangement with the Detroit Free Press.
The partnership between The Detroit News and the Detroit Free Press has been in place since 1989, allowing MediaNews Group to maintain editorial control over The Detroit News while sharing business operations. However, as the industry landscape continues to evolve, this unique model is largely being dismantled.
According to Guy Gilmore, Chief Operating Officer of MediaNews Group, the joint operating structure's conclusion led to the agreement with USA TODAY Co. Both parties expressed a desire to ensure that these publications and their distinct journalism continue to serve the Detroit area.
Despite the acquisition, both newspapers will maintain their editorial independence, publishing separately under USA TODAY Co.'s oversight. This strategic investment is expected to strengthen the network's audience and portfolio of local publications nationwide.
The two publications have rich histories β The Detroit News was founded in 1873 and has won three Pulitzer Prizes, while the Detroit Free Press was established in 1837 and boasts an impressive ten Pulitzers. Both newspapers will continue to operate continuously for over a century.
As USA TODAY Co. continues to shape the news landscape, it's essential to note that digital reach remains crucial. The two outlets rank among the top 15 most-visited local news websites in the United States, according to a recent report from NiemanLab.
Financial details of the deal have been kept under wraps, but it is expected to be funded through a mix of cash and borrowing, with financing arranged by Apollo affiliates. To address staffing concerns, editorial employees at The Detroit News will be offered positions with USA TODAY Co. upon completion of the acquisition.
The future of local journalism in Detroit now lies with USA TODAY Co., as it takes the reins of two iconic publications and seeks to shape their editorial direction while preserving their unique voices.