- Herald dispatch newspaper huntington west virginia hd media#
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“They’ve chosen not to increase their offer and participate in the auction.” “Technically that’s correct,” Audette said in a brief telephone call this morning. It became clear to the involved parties on Wednesday evening that Ogden was no longer a contender.īrian Audette is the Chicago-based lawyer handling the sale for Charleston Newspapers.
Herald dispatch newspaper huntington west virginia plus#
It had to match the Ogden bid, plus another $500,000, most of which represented a breakup fee. Ogden, which owns newspapers in several West Virginia cities, had been considered the stalking horse, having produced the highest bid - $10.911 million in the run up to the bankruptcy process.īut H-D Media emerged in recent days as having a competitive bid of its own. WATCH: /M5Hr1I3GObĪn auction for ownership of the newspaper was set for noon today in a downtown Charleston law office.
Herald dispatch newspaper huntington west virginia hd media#
joins to talk about HD Media being the lead bidder for the Charleston Gazette-Mail now that Ogden Newspapers has pulled its bid. Reynolds is a former member of the West Virginia House of Delegates and was the Democratic candidate for Attorney General in 2016 “We’re excited to have this opportunity to grow the Gazette-Mail and our new venture to expand the good news about West Virginia’s resurgence.”
Herald dispatch newspaper huntington west virginia full#
“Doug and I believe in West Virginia and the importance of newspapers in building communities and releasing their full potential,” Jarvis said in a story on his own company’s website. The Gazette-Mail reported that Brian Jarvis, owner of the company that publishes the Clarksburg Exponent-Telegram, and West Virginia businessman Marty Becker were introduced at the auction as among the investors. “This will be a new media venture that will be around a long time.” I think you’ll be real impressed when you hear the people involved in this,” Reynolds said. He said the bid effort includes H-D Media and others. Reynolds said H-D Media’s bid was $11.5 million. Something we felt like was an incredible value.” “It’s a great asset in terms of circulation and advertising. If that all occurs we should end up as the final bidder. The deal still has to be finalized in U.S. Doug ReynoldsĮarlier, appearing on MetroNews’ “Talkline,” Reynolds acknowledged the likelihood of a successful bid but didn’t rule out yet another party emerging. MORE: Read the Notice of Successful Bidder. The purchase firmed up after H-D Media remained the only bidder during what had been expected to be an auction.
Ogden Newspapers is out as a bidder for the Charleston Gazette-Mail, leaving Huntington’s Herald-Dispatch as the apparent new owner of West Virginia’s Pulitzer Prize-winning newspaper.ĭoug Reynolds, the owner of the Herald-Dispatch, confirmed the news this morning on MetroNews’ “Talkline.” This newspaper is owned by HD Media Company, LLC.CHARLESTON, W.Va. Since then, HD Media has expanded by acquiring a group of newspapers including the Charleston Gazette-Mail, Wayne County News, Logan Banner, Williamson Daily News, Coal Valley News in Madison and Pineville Independent Herald.
HD Media was founded to make the transaction by Douglas Reynolds, a local politician and the son of Champion's CEO. In 2013, HD Media bought the Herald-Dispatch from Champion Publishing. In 2007, the Herald-Dispatch again changed hands, first going to GateHouse Media and then to Champion Publishing, Inc. It was sold that year to the Honolulu Star-Bulletin (now the Honolulu Star-Advertiser and quickly resold to Gannett Company, Inc. Joseph Harvey Long, the owner of the Huntington Publishing Company, bought the newspaper in 1927 and the Long family owned it until 1971. It is the result of the 1909 merger of the Herald and the Dispatch, two Huntington newspapers. The Huntington Herald-Dispatch covers local news and community events in the city of Huntington and across southwestern West Virginia.
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