History
The group was formed in 1986 when Harte-Hanks bought Transcript Newspapers Inc. of Dedham, Massachusetts, merging it with the Middlesex News. Later that year, Harte-Hanks bought Century Newspapers and combined its operations with News-Transcript. In the mid-1990s, as Harte-Hanks divested its newspaper holdings, the company announced in 1994 that it would sell the 14-newspaper chain to Fidelity Investments.
The purchase price was not disclosed, but was estimated at US$30 million to US$40 million. When the sale was complete in 1995, Fidelity made News-Transcript a division of Community Newspaper Company, which became the second-largest circulation publisher in Massachusetts, with 766,000 weekly copies.
News-Transcript -- known within CNC as Middlesex Community Newspapers -- was dissolved in early 1996, when CNC realigned its operating units by geography, assigning the News-Transcript papers to new Metro, Northwest and West units.
Read more about this topic: News-Transcript Group
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