The parent company of Baltimore’s The Daily Record has been sold to New Media Investment Group Inc., which acquired the business information unit of Dolan LLC and its 39 print and online publications.
New Media is the parent of GateHouse Media LLC, a Pittsford, N.Y.-based publisher with operations in 32 states.
In a letter to The Daily Record and Dolan employees, Kirk Davis, GateHouse CEO and New Media COO, said the acquisition was a good fit because of GateHouse’s similar focus on local and regional markets in the newspapers it operates.
“We are committed to investing in our organization and have recently made substantial, reader-driven enhancements to our local news products, both print and digital,” Davis said. “We look forward to partnering with you to build upon the great franchises you have developed and to sharing our best thinking across markets.”
According to a report in The Daily Record, its roots in Baltimore go back to 1888. It provides legal, business and government coverage to readers across Maryland through its five-times-a-week newspaper, website and special publications. The Daily Record uses paid public notices and a hard subscriber-only paywall as part of its business model.
“The Daily Record has been providing essential, local business and legal news and information to Maryland professionals for 127 years,” The Daily Record Publisher Suzanne Fischer-Huettner said in The Daily Record article. “We are proud of our history and excited to start our next chapter with New Media Investment Group. Our team will stay true to our mission, readers and the community we serve. New Media has a long and successful history and will be able to provide resources to help us achieve our goals and bring new products and offerings to our readers.”
For 106 years, The Daily Record was owned by the Warfield family, which in 1994 sold the publication to Dolan Media.
New Media operates 125 daily publications in more than 490 markets across 32 states. It also has 575 community publications and more than 490 related websites. Its publications include the Providence Journal of Providence, Rhode Island; the Rockford Register Star of Rockford, Illinois; and the Dover Post of Dover, Delaware.