21st Century Newspapers

21st Century Newspapers was a corporation owning newspapers in the state of Michigan and based in Pontiac, Michigan and founded in 1995.

21st Century Newspapers
IndustryPublishing
Founded1995-2004
FounderFrank Shepherd
Goldman Sachs Capital Partners II, L.P.
Kelso & Company
Headquarters,
United States
Area served
Michigan
Key people
Frank Shepherd, Chairman and CEO; Doug Haensel, President and COO
ProductsNewspapers, 129 newspaper titles including weeklies and dailies
Revenue$175,000,000
$35,000,000
SubsidiariesHeritage Newspapers

History

21st Century acquired newspaper assets of Brill Media Company in August 2002 including Morning Sun daily newspaper and newspapers in Traverse City, Charlevoix, Gaylord and Tawas City and other communities in central and northern Michigan.[1] In September 2002, Booth Newspapers acquired 21st Century Newspapers, Inc.'s Heritage Newspapers' Suburban Flint Newspaper Group which has nine local papers: The Clio Messenger, The Davison Flagstaff, The Fenton Press, The Grand Blanc News, Flint Township News, The Flushing Observer, The Holly Press, The Suburban Burton and Swartz Creek News and included Suburban Flint shopper. All of which operate with the Flint Journal as the Community Newspapers.[2] In 2004, 21st Century was acquired by Journal Register Company.[3]

Assets

Sold the company in August, 2004 for $415,000,000 cash

Notes

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