Several recent reports on Journal Star corporate owner GateHouse Media (New Media Investment Group) explain the company’s aggressive newspaper acquisition strategy as a marketing plan to beef up revenues while cutting journalism. Ken Doctor writes in Nieman Lab, Nieman Foundation…
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Japanese tycoon buys Journal Star
by Clare Howard • • 0 Comments
BY CLARE HOWARD Peoria’s only daily newspaper, once family owned, was purchased by a privately held Japanese conglomerate aiming to become a global telecommunications leader. The sale is expected to close by year-end. SoftBank, owned by Japanese billionaire Masayoshi Son,…