Daily Herald News Service
The Southern Illinois LOCAL Media Group, publishers of five weekday and seven weekly newspapers in Southern Illinois, has acquired three newspapers in Carbondale, the company announced Thursday.
In the latest move of an active growth and diversification strategy, Paddock Publications purchased the Carbondale Times, Weekend Times and Nightlife. All are weekly newspapers with a combined distribution of 20,000. Paddock is the SILMG parent company and publisher of the Daily Herald in Chicago’s suburbs.
The deal also included Thomas Publishing’s “robust commercial printing and niche publication business,” said Paddock CEO Douglas K. Ray.
“This acquisition will enhance and enrich the journalism offerings for all our properties in Southern Illinois,” said SILMG General Manager Stefanie Anderson.
In August, Paddock and SILMG acquired the Benton Evening News, The Daily Register in Harrisburg, The Daily Republican in Marion, the Du Quoin Evening Call and Eldorado Daily Journal from GateHouse Media LLC. Also included were seven nearby weeklies.
In addition to the papers in Southern Illinois, Paddock also purchased four weekly newspapers just south of Springfield last winter — in Farmersville, Girard, Palmyra and Virden.
Ray said that the Carbondale-based newspapers acquired Thursday “broaden our reach in the region, as Carbondale is the largest community, the marketing center for Southern Illinois and home of Southern Illinois University.
“This acquisition is in keeping with Paddock’s strategy for growth, which includes the purchase of select community newspapers and niche products where Paddock’s brand of community journalism and marketing innovation provide additive revenues and profitability,” Ray said. “It also includes growing niches like commercial printing, digital sales, strategic marketing and Town Square Publications.”
Closing on the purchase of the Carbondale newspapers took place Wednesday. SILMG assumed control of the properties on Thursday.