Fort Wayne Newspapers
In 1950, The Journal Gazette entered into one of the first joint operating agreements for competing daily newspapers in the United States. Under the arrangement, The Journal Gazette and The News-Sentinel have independent editorial staffs and management, while a jointly-owned corporation sells advertising, handles circulation, prints the newspapers and, since 1958, has been landlord to the newspapers' staffs. Initially, The Journal Gazette owned 45% of Fort Wayne Newspapers.
In 2003, the companies agreed to extend the joint operating agreement to 2050, with The News-Sentinel paying $42 million to increase their stake from 55% to 75%. Fort Wayne Newspapers is expanding to the west of their current location at 600 West Main street, and expect to be using a new TKS (USA) Color Top 7000CDH 4-by-2 press in 2007 to replace the Eight Goss Mark I letterpress units and four MAN Roland flexographic units now in use. The Goss units were installed in 1958, when the current building was erected.
Read more about this topic: The Journal Gazette
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