Peoria Pundit

More bloodletting:

GateHouse Media, the parent company of The Girard Press and The Morning Sun, announced Tuesday that it is closing The Press.

The March 25 edition will be the last of the publication.

“The decision to close the newspaper was not an easy one,” said Stephen Wade, editor and publisher of both papers. He noted that economic challenges have overwhelmed the newspaper’s ability to continue printing weekly.

The Morning Sun, with a circulation that overlaps much of The Press’, will continue to serve the area.

GateHouse blames the bad economy, but I note that the company’s entire business stratgey has always been based on buying up every single newspaper in a region, and then eliminating redundant costs. Overlapping circulation? Yeah like that was going to last long.

This entry was posted on March 11, 2009 at 12:34 am and is filed under media with tags GateHouse Media. You can follow any responses to this entry through the RSS 2.0 feed Both comments and pings are currently closed.