Gannett Co. said Monday that its board determined the unsolicited offer from a hedge-fund backed media group undervalued the company and wasn’t in the best interests of shareholders.
Media company Schurz Communications Inc. announced an agreement Monday to sell all 20 of its newspapers, including eight papers in Indiana, to New York-based GateHouse Media Inc.
The Indianapolis Star eliminated at least three newsroom employees Wednesday and dropped at least two business columnists.
Alden Global, which is taking aim at the Gannett newspaper chain, is run by a hedge fund exec known in some circles as “the Gordon Gekko of newspapers.”
Gannett's board said it will "carefully review the proposal," which values the company at $12 a share, a 23 percent premium to Gannett’s closing price on Friday.
CHNI LLC, which owns more than 100 newspapers in 22 states, has been acquired by the Retirement Systems of Alabama.
A story that provided a behind-the-scenes glimpse at the region’s efforts to lure Amazon’s HQ2 to Indianapolis topped the list.
Among the longtime newsroom employees who accepted buyout packages were well-known names in the local newspaper field, including editorial cartoonist Gary Varvel and writer Will Higgins.
As we at IBJ get ready for our own holiday gatherings, we thought it would be fun to share a few of our favorite festive recipes.
Members of the Indiana Civic Workers Club prepared Thanksgiving food and supply baskets at the home of Effie Crowe at 2116 Bellefontaine St., in a photo published in the Indianapolis Recorder on Nov. 26, 1960.
The Indianapolis-based Saturday Evening Post Society, which publishes the magazine, said it required a “10-year labor of love of meticulous in-house scanning and digitizing” to archive almost 200 years of American history contained in the publications.
Indianapolis-based alternative newspaper Nuvo has been cranking out a print edition every week since 1990. That is due to change beginning this month.
Matthew Tully, 49, had worked for the Indianapolis Star since 2002, writing nearly 2,000 columns over that time. The Gary native died Monday night.
Tax experts cited in the report say that President Donald Trump would be unlikely to face criminal prosecution if he helped his parents evade taxes because the maneuvers occurred long ago and are past the statute of limitation.
An editorial cartoon published Sunday by The Indianapolis Star that mocks Christine Blasey Ford drew a flood of complaints on social media Monday, prompting an explanation from the newspaper.
A source told IBJ on Tuesday that Kravitz had been laid off with several others at the top-rated local TV station.
The university announced Thursday that the center will focus on the production and teaching of investigative journalism.
Publisher Cory Bollinger said lower revenue and sharply higher newsprint costs prompted the cuts at four publications.
Local and national reporters clamored for interviews with Mayor Joe Hogsett about Indianapolis’ chances, but city officials largely kept quiet while forwarding media to the Indy Chamber and influencing messaging behind the scenes.
Community Newspaper Holdings Inc. plans to sell off community newspapers in Zionsville, Anderson, Lebanon and 10 other Indiana communities.
