In putting several local newspapers, including the Daily Local News, Chester County’s home town paper, on the market for a possible sale, owner Digital First Media is checking in on its return for investments to keep pace with the news business’ transformation from print to digital.
“The companies that will succeed are those which have meaningful scale and digital expertise,” CEO John Paton said in a Philadelphia Business Journal report.
“By anticipating the rapid revolution in our industry and responding to stay ahead of the curve, DFM has clearly emerged as a leading player. … As a result, we believe we have many options available to us to maximize the value of our businesses for our stockholders, and the board of directors has therefore decided to assess the full range of those opportunities.”
Among Digital First’s 76 dailies and 160 weeklies are local brands like the Daily Local News, Pottstown Mercury and Main Line Times.
Read more about the new Digital First strategy and its implications in the Philadelphia Business Journal here.
