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Portland Daily Advertiser
Guy Gannett Communications was a family-owned business consisting of newspapers in Maine and a handful of television stations in the eastern United States. The company was founded by its namesake, Guy P. Gannett, in 1921, and was managed by a family trust from 1954 to 1998, when it sold most of its properties to The Seattle Times Company and Sinclair Broadcast Group. History William Howard Gannett, of Augusta, Maine, first published ''Comfort'' magazine in 1888—an eight-page advertisement for a patent medicine—but it was his son, Guy Patterson Gannett, who headed the push into daily journalism. After a stint helping with the magazine after leaving Yale University in 1901, the junior Gannett went into local politics. By 1920, he was a prominent citizen in Augusta, Maine. Two daily newspaper owners representing the ''Portland Herald'' and the ''Portland Daily Press'' approached him and asked him to buy them out. Gannett invested in both companies.Wickenheiser, Matt"A Rich His ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ackerley Group
The Ackerley Group was an American media company owned by Barry Ackerley that owned several television stations (mainly in New York, California, as well as one in Fairbanks) that was sold to Clear Channel Communications in 2001. In addition to ownership of television stations across the country, the company also owned and operated several radio stations in the Seattle, WA market. The company also owned the NBA Seattle SuperSonics and WNBA Seattle Storm professional basketball teams. At the time of the closure of the transaction, the sale price was reported to be 38 times cashflow (approximately $1.1B USD) the highest ever sale valuation for a North American publicly traded media company in the history of the NYSE. The record setting high price tag was attributed to the overwhelming market monopoly position of the Ackerley Group's Out of Home Media (billboards) marketplace in the Washington, Oregon, Massachusetts and South Florida media markets, all areas where Clear Channel was d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |