Four dailies north of Boston sold to Alabama retirement fund

The CNHI newspapers have been sold to Retirement Systems of Alabama. CNHI’s holdings in Massachusetts include four daily newspapers — The Eagle-Tribune of North Andover, The Daily News of Newburyport, The Salem News and the Gloucester Daily Times — as well as several non-daily publications.

This is good news, with reservations. CNHI’s ownership has long been complicated; the Alabama buyer has been involved for years, so this doesn’t seem like much of a change. CNHI has run the papers on the cheap, but the quality remains good. I know that staff members were concerned that the papers might be sold to Digital First Media or GateHouse Media, hedge-fund-owned chains that slash their properties to the bone. So it could have been worse.

Earlier: “Eagle-Tribune and affiliated papers north of Boston put up for sale” (June 25, 2018).

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