- Associated Press - Monday, December 14, 2015

ERIE, Pa. (AP) - The family-owned company that publishes the Erie Times-News and goerie.com is selling to New Media Investment Group Inc.

The Times-News (https://bit.ly/1SX0zod ) reported the deal Monday.

The newspaper says New Media expects to close the purchase early next year, subject to approval by shareholders of The Times Publishing Co., the Erie-based parent company. New Media Investment Group is the holding company of GateHouse Media of Fairport, New York, which controls 490 publications in 31 states.

The Mead family has completely owned or controlled The Times Publishing Co. for 127 years.

Erie’s publisher, Ken Nelson, says, “The industry, and this newspaper, have evolved to the point where family-owned, independent newspapers face too many hurdles to survive long-term without help.”

Nelson expects the newspaper to remain Erie’s “dominant source for news for years to come.”


Information from: Erie Times-News, https://www.goerie.com

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