New York-based New Media Investment Group bought the Daytona Beach News Journal and Halifax Media’s three dozen newspapers for $280 million in cash today. New Media is a publicly traded company that owns 402 small to mid-size community publications.
halifax media
News-Journal Puts Up $120 Barrier to Online Access in Hopes of Improving Bottom Line
The News-Journal’s $120-a-year paywall for online readers follows the lead of more than 160 newspapers that have ended unlimited free access to websites to stop hemorrhaging print readers, where, most of the advertising revenue remains.
Warren Buffett Loves Newspaper Paywalls
Warren Buffett just bought 63 newspapers from Media General, but not the Tampa Tribune, which is in talks with Halifax Media, owner of the Daytona Beach News-Journal.
News-Journal Slows Circulation Decline While Other Newspapers Tout Web Editions’ Growth
The decline, while slower than in previous years, continued at the Daytona Beach News-Journal, with average weekday circulation falling to 2.3 percent in the period ending March 31, and 1.5 percent on Sundays.
$15 Million Short, Federal Insurance Fund Takes Over News-Journal’s Pension Plan
A federal judge ruled against adequately funding News-Journal retirees’ pension plan, ordering instead that $40 million in cash and other values should go to Cox, the newspaper’s former minority owner.
For a Few Dollars More: How the News-Journal Is Hounding Its Retirees
Retirees’ pension and health plans are in jeopardy as battle continues over who’s owed what first.