After suffering “significant financial losses during the current economic recession,” the Arkansas Democrat-Gazette and Stephens Media plan a joint venture in northwest Arkansas, the news organizations announced Thursday.
The joint venture would move forward if Stephens can’t find a buyer for its flagship newspaper, The Morning News. But Democrat-Gazette Publisher Walter Hussman says he doesn’t believe a buyer will be found.
“If someone comes along and buys it, then we’ll continue to compete with The Morning News and this merger won’t be consummated,” Hussman, CEO of Wehco Media Inc., which owns the Democrat-Gazette, said in his newspaper’s coverage of the deal. “We suspect that won’t happen.”
Arkansas Business’ full story on the Arkansas Democrat-Gazette/Stephens Media joint venture is available here, and we plan updates later this afternoon.
Filed under: Arkansas Business, Newspapers | Tagged: Arkansas Democrat-Gazette, ArkansasNews.com, Associated Press, Bill Bowden, Editor & Publisher, Mat Costa, Newspapers, Romenesko, Stephens Media, The Morning News, Twitter, Walter Hussman, Warren Stephens, Wehco Media |