Gannett purchases The Record newspaper, parent company

AP News
|
Posted: Jul 06, 2016 3:43 PM

WOODLAND PARK, N.J. (AP) — Gannett on Wednesday purchased the family-owned North Jersey Media Group, which publishes The Record, NorthJersey.com and other newspapers around the state.

The McLean, Virginia-based company already operates six daily newspapers and websites in New Jersey, including the Asbury Park Press in Neptune. It also publishes the nearby Journal News in New York.

The sale also includes the Herald News, along with community newspapers.

The Record has been owned by the Borg family since 1930 and is lauded in the state for its journalism, including its work fighting for access to public records.

"We will continue to build upon (the Borg family's) legacy of strong journalism, successful community engagement and effectively connecting advertisers to the audiences they seek," said John Zidich, Gannett's president of domestic publishing. "We are focused on being the best news organization in the state."

The sales price wasn't disclosed, but Gannett said it would add $90 million in annual revenue to the company. Gannett operates USA Today and more than 100 daily newspapers in the United States.

Tom Donovan, the publisher of the Asbury Park Press, will lead The Record with NJMG President Stephen Borg remaining to help with the transition, NJMG Chairman Malcolm Borg said in a note to staffers.