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39-630: It was locally owned by the McMurray family from 1923 to 2016, when it was acquired by GateHouse Media , which became Gannett in an acquisition in 2019. The Fayetteville Observer is the oldest newspaper in North Carolina . It was founded in 1816 as the Carolina Observer . The Fayetteville Observer was not published between 1865 and 1883, so the Wilmington Star-News (founded in 1867)

78-865: A Southern flair. On September 27, 2018, GateHouse Media announced the acquisition of The Oklahoman Media Company , parent company of The Oklahoman , which is the state's largest daily newspaper, for an undisclosed amount from The Anschutz Corp. The sale closed on Oct. 1, 2018, for $ 12.5 million. On January 28, 2019, it was announced that GateHouse Media had acquired the publishing division of Schurz Communications including The Herald-Times in Bloomington, Indiana , South Bend Tribune in South Bend, Indiana , and other papers in Clay, Lawrence, Monroe, Morgan, Orange, Owen, and Putnam counties in Indiana. That same year, it acquired

117-641: A combined Saturday edition as well. In 1990, the McMurrays merged the Observer and Times into a single morning paper, The Fayetteville Observer-Times. It dropped "Times" from its flag in 1999. The Fayetteville Observer launched its first website in 1995 and it has a presence on Facebook for distribution of news and interaction with readers. The Fayetteville Observer is a member of the North Carolina Press Association . The newspaper has received

156-481: A new, publicly traded company. Murdoch stated that performing this split would "unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division". The move also came in the wake of a series of scandals that had damaged the reputation of multiple News Corporation-owned properties. Robert Thomson , then editor of The Wall Street Journal ,

195-495: A newspaper group owned by Fortress. Robert Thomson indicated that the newspapers "were not strategically consistent with the emerging portfolio" of the company. GateHouse then filed for prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations to accommodate the acquisition. Then GateHouse emerged from bankruptcy on November 26, 2013. On December 20, 2013, News Corp announced its acquisition of Dublin , Ireland-based social news agency Storyful ,

234-509: A one-share-one-vote system. News Corp has stated that if the proposal is accepted, the new system of shares could only be introduced if agreement between voting and non-voting shareholders is reached. This relates to the ongoing court case in Nevada pitting Rupert and Lachlan Murdoch against the other three siblings, who all have voting shares. The company consists of the former News Corporation 's newspaper and book publishing assets, together with

273-413: A startup founded by journalist Mark Little . At the time, Storyful was described as "scour[ing] social-media services like Twitter and Instagram" to discover user-generated content "breaking news and viral online content" and after sourcing, to then verify, acquire, and distribute it. Storyful had, for instance, reported 2013 results of 750m views of user-generated videos by its partners. The cost of

312-413: A value slightly lower than expected by some analysts. The shares fell in price by 3% to $ 14.55 per share, valuing the new company at around $ 7.9 billion US . The corporate split was finalized on June 28, 2013; during the stock splitting process, one share of the new News Corp was given to shareholders for every four shares they owned in the former News Corp. The current News Corp began trading on

351-488: Is North Carolina's oldest continually published newspaper. The name was changed to the Fayetteville Observer in 1833. The Observer ' s offices were destroyed by William T. Sherman 's invading army in 1865. It was refounded as The Fayetteville Observer in 1883. W. J. McMurray bought the paper in 1923, and his family-owned Fayetteville Publishing Company ran the paper for four generations. Edward Jones Hale

390-481: Is an American mass media and publishing company headquartered in Midtown Manhattan , New York City. The company was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corporation as 21st Century Fox (21CF). Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include Dow Jones & Company , which

429-562: Is now operated as a subsidiary of News Corp's HarperCollins . On September 30, 2014, News Corp announced its acquisition of Move, Inc. , a real estate listings company and owner of Realtor.com , a 20% stake of which was, at the time, owned by REA Group , a publicly traded subsidiary of News Corp Australia. News Corp also began making investments in India in late 2014, such as a $ 30 million investment in real estate site ProTiger in November,

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468-609: Is the largest newspaper in Central Texas. In the same month, GateHouse announced its $ 49.25 million purchase of The Palm Beach Post and Palm Beach Daily News from Cox Media Group, LLC. On April 10, 2018, GateHouse announced that it had agreed to acquire the Akron Beacon Journal of Akron , Ohio for $ 16 million from Black Press Group . The Beacon Journal is a daily newspaper tracing its storied, Pulitzer Prize -winning history to 1839's Summit Beacon , which early in

507-416: Is the publisher of The Wall Street Journal ; News UK , publisher of The Sun and The Times ; News Corp Australia ; and REA Group , operator of realestate.com.au, realtor.com , and book publisher HarperCollins . News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which included Fox Entertainment Group and other broadcasting and media properties. The spin-out

546-684: The New Jersey Herald in Newton, New Jersey , from Quincy Media . In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. However, the merged newspaper chain would take the better-known Gannett name and be based at Gannett's headquarters in McLean, Virginia . The acquisition of Gannett by New Media Investment Group

585-651: The Nasdaq stock exchange under the symbol "NWS" on July 1, 2013; at the same time, the former News Corporation (which encompassed purely of media properties, such as Fox Entertainment Group and 20th Century Fox ) was renamed 21st Century Fox . On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group , a group of 33 local newspapers, to Newcastle Investment Corp., an affiliate of Fortress Investment Group , for $ 87 million. The newspapers will be operated by GateHouse Media ,

624-623: The 20th century came under the editorship and ownership of publisher Charles Landon Knight , serving as the flagship newspaper of the Knight Newspaper Company, later known as Knight Ridder . On July 2, 2018, GateHouse acquired SouthernKitchen.com, the Atlanta-based Southern food and lifestyle brand. Southern Kitchen, launched by Cox Media Group (CMG) in 2017, is a blend of e-commerce and content. It delivers content and products related to eating, drinking, and entertaining with

663-886: The 36 newspapers of the Halifax Media Group for $ 280 million. In February 2015, GateHouse purchased Stephens Media , which published newspapers mainly in Arkansas and Nevada, for $ 102.8 million. In December 2015, GateHouse sold the Las Vegas Review-Journal , the Stephens group's largest paper, to casino magnate Sheldon Adelson for $ 140 million. In November 2016, GateHouse announced the purchase of Harris Enterprises, based in Hutchinson, Kan., which operated six daily newspapers in Kansas and Iowa. In February 2017, GateHouse purchased

702-702: The December 2014 purchase of BigDecisions.com, a financial planning website, and the acquisition of Indian media firm VCCircle in March 2015. In October 2015, News Corp sold its digital education brand Amplify to a management team supported by a group of private investors for an undisclosed sum. In June 2016, News Corp acquired Wireless Group (formerly UTV Media), a British radio broadcaster, for $ 296 million In January 2020, News Corp sold Unruly, an outstream video ad marketplace, in exchange of 6.91% of Tremor Video stock. On July 31, 2020, James Murdoch resigned from

741-480: The Dix Communications newspaper chain for $ 21.2 million. Dix Communications operates in northeastern and east-central Ohio, including more than 30 daily and weekly newspapers. In June 2017, GateHouse announced it was purchasing Calkins Media Group's four six-day-a-week newspapers and Calkins Digital Group, a press facility and related websites and other digital operations. In August 2017, GateHouse announced it

780-882: The Fortress News Corp deal. Fortress owned 52% of GateHouse debt. Gatehouse re-emerged from the planned bankruptcy in November 2013. In the restructured plan, Gatehouse stock was cancelled and a new holding company for the parent, New Media Investment Group, Inc., was formed. The terms involved the cancellation of shares of Gatehouse, but those owners receiving warrants to buy shares in New Media Investment Group Inc. Subsequently, Gatehouse Media acquired several newspaper groups between 2014 and 2017, including Halifax, Stephens Media, Calkins Media and Morris Publications. They also acquired Dolan Media Group and Journal Multimedia, adding business publications to their portfolio. The combined group of business publications

819-517: The NYSE's continued listing standards for average global market capitalization over a consecutive 30-trading-day period of not less than $ 75 million and $ 1.00 average closing price, and had submitted a business plan to the NYSE Regulation for coming back into compliance for continued listing. The company has been in communication with the NYSE regarding its noncompliance with continued listing standards, but

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858-569: The News Corp board of directors , "due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions." On February 4, 2022, News Corp suffered a cyberattack from hackers believed to be linked to China. In February 2023, the company announced that it would be cutting 5% of its workforce across its various divisions. In September 2023, News Corp reported that Rupert Murdoch would retire from

897-701: The Storyful acquisition was €18 million (£15m, US$ 25m), and marked News Corp's first acquisition since the split. News Corp CEO at the time, Robert Thomson, stated that the service had "become the village square for valuable video, using journalistic sensibility, integrity and creativity", and that with the acquisition, News Corp would "define the opportunities that the digital landscape presents, rather than simply adapt to them". On May 2, 2014, News Corp acquired romance novel publisher Harlequin Enterprises from Torstar for $ 415 million. The deal closed on August 1; it

936-549: The acquisition of Kirk Davis's independently owned Holden Landmark Corporation for an undisclosed sum. The sale includes the central Massachusetts media properties, Worcester Magazine , The Landmark, baystateparent Magazine, Leominster Champion, Millbury-Sutton Chronicle , and the Grafton News . In March 2018, GateHouse announced its $ 47.5 million purchase of the Austin American-Statesman of Austin , Texas . It

975-429: The board of News Corporation. He would also retire from the board of Fox Corporation and his son Lachlan Murdoch would replace him on both boards. The retirement would take effect in November 2023. On October 14, 2022, it was announced that, under the instruction of Rupert Murdoch, a special committee had been established to explore a potential merger of Fox and News Corp, bringing the two companies back together since

1014-804: The combined company using the Gannett name and maintaining its headquarters in Virginia. Liberty Group Publishing was formed in 1998 when Kenneth L. Serota, a former Hollinger International attorney with backing from Leonard Green & Partners , bought 160 community newspapers from Hollinger. Headquartered in Downers Grove, Illinois , Liberty then expanded the network increasing the total newspapers to 330 by 2000. Faced with problems, it downsized to 270 by June 2005. In June 2005, Fortress Investment Group bought Liberty for $ 527 million. Fortress expanded it to 75 dailies, 231 weeklies, 117 shoppers, and 230 websites. It

1053-540: The emerging portfolio" of the company, which had been formed as a spin-off of News Corporation . By 2013, GateHouse Media grew, operating in 330 markets across 21 states, but they found themselves in a debt situation that would prohibit future growth. The company filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Wilmington, Delaware on September 27, 2013. It listed assets of $ 433.7 million and debt of $ 1.3 billion. The planned bankruptcy centered on restructuring

1092-419: The following awards: GateHouse Media Kirk Davis, operating company CEO; Paul Ameden, CIO; Bill Church, Senior VP News; GateHouse Media Inc. was an American publisher of locally based print and digital media. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Its parent company, New Media Investment Group, acquired Gannett in 2019, with

1131-416: The former 21st Century Fox was spun-off from News Corp in 2013. On January 24, 2023, the proposed merger was abandoned by Murdoch. An annual meeting of shareholders to be held by webcast on 20 November, will determine whether the "dual-class" share structure (voting and non-voting) will be abolished, after Starboard Value , which has bought up a large share of News Corp over the previous year, has proposed

1170-483: The new News Corporation was unveiled at an investor presentation on May 28, 2013; the handwritten logo uses script based on Murdoch's own handwriting. News Corp's board approved the split on May 24, 2013, while shareholders approved the split on June 11; Preliminary trading on the Australian Securities Exchange of the new News Corp's class B stock began on June 19, 2013, at around $ 15 per share;

1209-415: The newspaper and continued ownership of the newspaper until 1919 when it was sold to a group of local businessmen. The Fayetteville Publishing Company was founded in 1923. A Sunday edition of the paper was started in 1957. Originally an afternoon paper, it began publishing a morning paper, The Fayetteville Times , in 1973. The two papers published combined editions on Sunday, and from 1982 onward published

The Fayetteville Observer - Misplaced Pages Continue

1248-476: Was announced as the initial chief operating officer for the company. While Murdoch did not serve as CEO, he remained chairman and a shareholder of the new News Corp. Thomson promised that the new company would "cultivate a start-up sensibility even though we already work for the world's most established and prestigious diversified media and information services company" and would emphasize building new business models around its properties and content. The logo of

1287-534: Was completed on November 19, 2019, making the combined company the largest newspaper publisher in the United States. Gatehouse, now called Gannett, has been operated by Fortress Investments, a New York private equity firm, in turn owned by Softbank , the diversified Japanese tech firm. As of early 2022, Gannett was seeking an early buyout of Fortress's outside management role. News Corp (2013%E2%80%93present) News Corporation , stylized as News Corp ,

1326-409: Was purchasing 11 daily newspapers, 30 weeklies, and other assets from Morris Publishing Group, a division of Morris Communications. In October 2017, GateHouse acquired Edward A. Sherman Publishing Company, parent of The Newport Daily News . In January 2018, GateHouse announced its purchase of Oregon's second-largest daily newspaper, The Register-Guard . In February 2018, GateHouse announced

1365-425: Was rebranded as BridgeTower Media. The GateHouse Media corporate strategy continues to focus on acquiring and operating traditional local media businesses and transforming them from print-centric operations to multimedia operations. As of April 2018, GateHouse Media was publishing 144 daily newspapers, 684 community publications, and over 569 local market websites in 38 states. In January 2015, GateHouse purchased

1404-548: Was renamed GateHouse and its headquarters moved to suburban Rochester, New York , in April 2006. In October 2006, GateHouse had its IPO with Fortress maintaining 60% ownership. On October 23, 2007, GateHouse announced the purchase of 14 daily newspapers and other publications from Morris Communications . The company received notification from the New York Stock Exchange (NYSE) on August 21, 2008, that it had fallen below

1443-648: Was structured so that 21CF was the legal continuation of the original News Corp., with the new News Corp being a new company formed by a stock split . Since March 19, 2019, Fox Corporation , which holds 21st Century Fox's national broadcasting, news and sports assets (following its sale to Disney the next day), is also under the Murdoch family 's control. On September 21, 2023, Rupert Murdoch announced he would step down as News Corp's chairman by November. On June 28, 2012, Rupert Murdoch announced that News Corporation 's publishing operations would be spun off to form

1482-567: Was the editor of the newspaper from 1825 to 1865. The paper was a leading supporter of the Whig party. The content of the paper during this time period included many historical articles about North Carolina and accounts of the Civil War . The Hale family moved to New York after the newspaper buildings were destroyed in the Civil War. His son, Edward Joseph Hale returned to North Carolina in 1883 to revive

1521-441: Was unsuccessful in its efforts to avoid suspension and delisting. On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group , a group of 33 local newspapers, to Newcastle Investment Corp, an affiliate of Fortress, for $ 87 million. The newspapers were operated by GateHouse Media following the purchase. CEO Robert James Thomson indicated that the newspapers "were not strategically consistent with

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