Oahu Publications to Acquire Honolulu Advertiser

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  F231109-339a
 
Acquirer:  Oahu Publications
ACQ Web:  http://oahupublications.com
Location:  USA, Honolulu, HI
Region:  North America
Description:  OPI is a private company that owns and publishes the Star-Bulletin daily newspaper, Midweek and other weekly newspapers and magazines. OPI also manages Internet sites and is engaged in commercial printing. The company was established in 2001. Its majority shareholder is Sound Publishing Holding Inc., a subsidiary of Black Press Ltd. Local shareholders include Jeffrey and Lynn Watanabe, Duane Kurisu, Larry and Claire Johnson, Island Holdings Inc., Daniel Case, and CS Wo and Sons Ltd.
Category:  Newspapers, Publisher
Contact 1:  David Black, chairman of OPI 
 
Vendor:  Gannett Co.
Vendor Web:  http://www.gannett.com
Business Sold: The Honolulu Advertiser
Other Web Links: 
Location:  USA, McLean, VA
Region:  North America
Description:  Gannett Co. Inc. (NYSE:GCI) is an international news and information company operating on multiple platforms including the Internet, mobile, newspapers, magazines and TV stations. Gannett is an Internet leader with hundreds of newspaper and TV Web sites; CareerBuilder.com; USATODAY.com; and more than 80 local MomsLikeMe.com sites. Gannett publishes 83 daily U.S. newspapers, including USA TODAY, the nation’s largest-selling daily newspaper, and more than 650 magazines and other non-dailies including USA WEEKEND. Gannett also operates 23 television stations in 19 U.S. markets. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company with 17 daily paid-for titles, more than 200 weekly newspapers, magazines and trade publications, and a network of Web sites.
Category: Newspapers, Media owner
Contact 1:  Craig A. Dubow, Chairman and CEO 
Contact 2:  Bob Dickey, president of Gannett’s U.S. Community Publishing
Aprox. Value:  Undisclosed
 
Details:  Gannett Co., Inc. (NYSE:GCI) and Oahu Publications, Inc. (OPI) have reached an agreement for OPI to acquire The Honolulu Advertiser and related assets including website, non-daily publications and Gannett’s interest in Hawaii.com. Gannett will maintain its ownership of 605 Kapiolani Blvd., Honolulu.

The sale is subject to regulatory and other approvals and is expected to close in the second quarter of 2010. Because the Star Bulletin and The Honolulu Advertiser are daily newspaper competitors, OPI has discussed the purchase of The Advertiser with the Department of Justice and the Attorney General of Hawaii.

The Honolulu Advertiser was founded in 1856. Gannett purchased the paper in 1993.

Link: Press Release

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