The start of a trend? Gannett sells Nantucket paper to local owners

Nantucket. Photo (cc) 2013 by Si B.

I don’t suppose this is the beginning of a trend, but it’s great news nevertheless: The Inquirer and Mirror of Nantucket has been sold to local owners.

According to an announcement on the weekly paper’s website, Gannett (the part that’s formerly GateHouse Media) has agreed to sell the paper to a group put together by editor and publisher Marianne Stanton and a local businessman named David Worth.

I think it’s pretty cool that two Nantucketers, both descendants of the early settlers, could work together to pull this off,” said Stanton. I think it’s pretty cool, too.

No sooner did I tweet about this than I learned that Gannett had also sold The Pine Bluff Commercial to the Arkansas Democrat-Gazette, which is itself independently owned. So maybe it is a trend. Or a mini-trend.

Meanwhile, the perpetually downsizing Gannett continues to struggle. Chief executive Mike Reed announced last week that the chain would embark on another round of voluntary buyouts.

So if you’d like to acquire the Gannett paper in your community, it sounds like it might be a good time to make an offer.

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One thought on “The start of a trend? Gannett sells Nantucket paper to local owners

  1. Pingback: Gannett sells Mass. Lawyers Weekly and other B2B titles to a private-equity firm – Media Nation

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