![]() ![]() The Dispatch was first published in 1871, and purchased by the Wolfes in 1905. It expects the deal to close in the second quarter of 2015, but cautioned the timing is uncertain. New Media plans to fund the acquisition with a combination of cash and a $25 million loan. ‘The paper is committed to providing proprietary, local content and unparalleled access to its markets for readers and advertisers,’ he said in a statement. Reed said the company deeply admires the Wolfe family’s stewardship and commitment to the community and plans to continue that tradition. It is among the largest publishers of local print and online media in the U.S., including 126 daily publications. New Media is a holding company that emerged from the bankruptcy of GateHouse Media Inc. Reed is set to address the Dispatch staff Thursday. Three commercial properties are also being sold, including the Dispatch printing plant.įiorile said it’s New Media’s intention to make no layoffs for 90 days, but staffing decisions – including the choice of a new publisher – will be up to them. and the New Media Investment Group includes the Dispatch, which has a circulation of more than 130,000 daily and 235,000 on Sundays ThisWeek Newspapers, a group of 24 suburban weeklies and seven magazines, including Columbus Monthly. Wolfe said his family ‘will continue to be fully involved in the civic, community and philanthropic endeavors that promote the high quality of life that exists in central Ohio.’ ‘However, the past two decades of accelerating and challenging change in the newspaper industry made it clear to us that maintaining a single-city, family-owned paper in this environment was untenable long-term.’ ‘We are proud of our 110-year legacy of family ownership of The Dispatch, and the newspaper’s heritage of quality journalism and community involvement,’ he said. Wolfe described the decision – which came as a surprise to about 1,100 affected employees, including the editor – as coming after carefully assessing the changing media landscape over several years. Wolfe, described the decision to sell as ‘extraordinarily difficult,’ but he said it offers the best chance for the publication’s future. Repeated calls have apparently fixed that, but not the app access! A terrible waste of our time.COLUMBUS (AP) – The family-held company that has owned The Columbus Dispatch for more than a century is selling its publishing operations to the New York-based New Media Investment Group, the companies announced Wednesday. Oh, and we also get a message every couple weeks that has our correct home address in Columbus except that it has our country as Mexico, where we have never been. We simply get a message that says to call them about our account, which we have done. Our account is filled with funds, we are getting the print edition, and we can login through a browser and get a poor version of the paper with no ability to email articles or print articles (or crosswords!) It just doesn’t work, and no one at the Dispatch or service company has any ability to answer or fix it. We have had occasional difficulties with the e-edition app, but nothing like for the past month, when nothing works. We have subscribed to the Dispatch since moving to Columbus in 1983, both print, and when it became available, online. There is still the occasional problem need re-authentication, but they are now rare. The new updates have left the app is good condition, stable, and working well. My previous review, below, needs to be updated. The newest updates have really improved stability. ![]()
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