Editor and Publisher Reports

In September of 2021, CherryRoad Media, a Parsippany, New Jersey-based technology company, surprised the news media industry with its purchase of 20 newspapers from the Gannett. Since then, the company has continued to grow and expand its US holdings, now owning 85 newspapers across 18 states.\ Beyond purchasing existing titles, CherryRoad has also built new operations in some “news desert” communities who lost their local papers. Two of the most recent print/ digital “rebirths” were the mid-May 2024 launches of the Hutchinson (MN) Station and The Litchfield (MN) Rail, replacing the Hutchinson Leader and the Litchfield Independent Review, both stared in the 1880’s and announcing their closure in April of 2024.“It's a good time for anybody who wants to get into this business, because there's a lot of sellers and not a lot of buyers, stated Jeremy Gulban, CEO of CherryRoad. When asked about how he can maintain business profitability in his smallest market operation in Hamburg, Iowa (population 700), Gulban stat