is a newly formed company led by a group of Canadian newspaper executives with a stated commitment to local journalism. newspaper revenue was $27.84 billion.Īccording to a press release put out by the Santa Maria Times, “Santa Maria News Media Inc. newspaper revenue is expected to continue to decline for the next five years. The executives associated with Santa Maria News Media Inc., and their sister companies who share the same executives, are on a buying spree, acquiring more than 27 newspapers in California, Rhode Island, and Massachusetts at a time when U.S. One thing is clear: The new Canadian owners of The Hanford Sentinel have an elusive business background. In 2011 The Sentinel filed for bankruptcy, according to the U.S. The Sentinel has fallen on hard times since that purchase. Lee Enterprises purchased the 14 daily newspapers in 2005 for $1.5 billion as part of the Pulitzer acquisition.
Pulitzer bought the Sentinel and 15 other daily and 30 non-daily newspapers from Scripps League in 1996. The acquisition of The Sentinel, a newspaper founded in 1891, marks the third time since 1996 that the paper has been sold. The sale also included the Santa Maria Times, The Lompoc Record, and Santa Ynez Valley News. The Hanford Sentinel has been sold by Lee Enterprises to a Canadian company, Santa Maria News Media Inc., a newly formed company led by a group of Canadian newspaper executives.
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