ROCHELLE, Ill. Carpenter Media Group (CMG) and News Media Corporation (NMC) announced today plans for CMG to manage, with an option to acquire, NMC.
South Dakota publications Huron Plainsman, Payday Shopper, Redfield Press, Brookings Register and Moody County Enterprise are all owned by News Media Corporation and is now part of the management agreement with Carpenter Media Group.
Longtime NMC leaders J.J. Tompkins and Billy McMacken will assume leadership roles with CMG, and the transition will begin immediately.
News Media Corporation was founded in 1975 by John C. Tompkins. John began his career as a paperboy at The Hammond Times, where his father was the publisher. Eager to learn, he continued to work his way through every department at The Times with Howard Publications. At the age of twenty-one, Tompkins purchased his first newspaper, The Rochelle News-Leader, in rural Illinois.
Under John Tompkins leadership, News Media grew to over seventy publications across ten states. NMC serves communities, of roughly 5,000-50,000 population, in isolated rural trade centers, focusing mainly on weekly newspapers. It has always been News Medias top priority to provide quality local journalism to the unique communities it serves.
NMC currently has 25 publications located in Illinois, South Dakota, Wyoming, Nebraska, and Arizona
We have worked with JJ and his father, John, over the years. We have a long friendship and deep respect for the company they built and its exceptional team of community media professionals, said CMG Chairman Todd Carpenter. We look forward to building on the foundations put down by John and others as we develop the products, people and communities served.
This is a unique opportunity to partner with Todd Carpenter and CMG, JJ Tompkins said.
The Tompkins family has always deeply respected Todd and has a friendship spanning multiple generations and family companies. We have a unique history and friendship, which began with my father many years ago, and will continue into the future and for the next phase of News Media Corporation.
We are thrilled about this partnership with Carpenter Media Group and its potential for the future success of our familys legacy and the communities we serve. As a company deeply rooted in people, we are confident that this partnership will uphold our values and lead us to a bright future, Tompkins added.
CMG owns and manages more than 200 community and metro media titles in the U.S. and Canada and is dedicated to preserving and building community journalism and marketing services to develop and improve each community served.
NMC and the Tompkins family was represented by John Cribb of Cribb, Cope & Potts. CCP is a leading merger and acquisition firm with offices in Montana, California and Arkansas.
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