Og­den News­pap ers Takes Own­er­ship of Frederick News-Post

Newspapers & Technology Magazine - - Contents - T ▶ Mary Van Me­ter pub­lisher & edi­tor p

On May 1, Og­den News­pa­pers of­fi­cially be­came the owner of The Frederick News-Post in Frederick, Mary­land. The deal in­cludes The News-Post’s as­sets, in­clud­ing the news­pa­per and staff, the TKS ColorTop 4000UDI print­ing press and the build­ing on Bal­lenger Cen­ter Drive. The new press was com­mis­sioned in 2008 at a cost of over $10 mil­lion.

The Ran­dall and De­laplaine fam­i­lies owned and op­er­ated the Frederick NewsPost for 133 years across five gen­er­a­tions. The Ran­dalls an­nounced in March that the fam­ily would sell the pa­per to Og­den, an­other five-gen­er­a­tion fam­ily-owned com­pany. Og­den News­pa­pers dates to 1890, start­ing with the launch of The Wheel­ing News in Wheel­ing, West Vir­ginia, where the com­pany re­mains head­quar­tered. Og­den News­pa­pers owns more than 40 news­pa­pers na­tion­wide.

“In­creas­ing chal­lenges that come with own­ing a sin­gle-site me­dia op­er­a­tion led to the de­ci­sion to sell The News-Post to Og­den News­pa­pers,” said CEO William Ran­dall. “This was kind of that happy medium be­tween a large cor­po­rate com­pany and a small fam­ily com­pany,” Ran­dall said. “I feel good about this fam­ily main­tain­ing our fam­ily legacy.”

The News-Post aver­age print cir­cu­la­tion in Fe­bru­ary was about 21,100 daily and about 22,500 on Sun­day. There were about 1,500 dig­i­tal-only sub­scribers.

“We are thrilled to be here,” said Cameron Nut­ting, di­rec­tor of strate­gic op­er­a­tions and ini­tia­tives at Og­den News­pa­pers. “This is a mar­ket we have been look­ing to be­come a part of for a long time. It’s a beau­ti­ful area with a rich his­tory and a great sense of iden­tity.”

Be­cause the two com­pa­nies are pri­vately held and do not dis­cuss fi­nan­cials, the terms of the deal were not dis­closed.

The tran­si­tion in­cluded down­siz­ing of The News-Post staff, though Nut­ting de­clined to give the ex­act num­ber of News-Post em­ploy­ees who were let go. Nut­ting said the down­siz­ing was nec­es­sary in or­der for the com­pany to have long-term fi­nan­cial sus­tain­abil­ity.

All em­ploy­ees who won’t be a part of The News-Post un­der the new own­er­ship have been no­ti­fied. Ge­ordie Wil­son, who has been pub­lisher of The News-Post since 2011, will re­main in that role.

Ran­dall Fam­ily LLC will re­main ac­tive in Frederick County as an in­vest­ment and man­age­ment com­pany, ac­cord­ing to Myron Ran­dall Jr., pres­i­dent of Ran­dall Fam­ily LLC.

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