History
In 1995, the assets of the long-independent Salem Evening News was bought for US$16.5 million by Ottaway Community Newspapers, a division of Dow Jones & Company and owner of two of the Evening News's chief daily competitors, the evening Beverly Times (9,000 circulation) and Peabody Times (3,000 circulation). The Evening News had a circulation around 36,000 at the time of the sale. Ottaway's Essex County Newspapers division, which also published the Gloucester Daily Times and The Daily News of Newburyport, moved its headquarters to the Evening News's Beverly offices. It merged the Salem and Peabody papers into the Beverly Times, and renamed the Beverly paper the Salem News in order to gain a non-union work force.
Ottaway, which still owns the Cape Cod Times and The Standard-Times in southeastern Massachusetts, seven years later sold its Essex County holdings, including the Salem paper, to their top competitor.
The Eagle-Tribune of North Andover bought the North Shore chain in 2002, paying US$70 million for the Gloucester, Newburyport and Salem papers. Eagle-Tribune executives touted the creation of a regional news organization; they also laid off some 45 staffers at the Essex County papers, including the editors of the Newburyport and Salem papers.
The Eagle-Tribune chain was itself bought for an undisclosed amount of money by Community Newspaper Holdings, an Alabama company, in 2005.
Read more about this topic: The Salem News
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