A number of mature owners continue to think "old school" regarding buyers. Today's buyers have changed. There has been big turnover in who is actually buying today versus 10 or 20 years ago. Older groups are mostly selling or standing pat. New buyers are seeking good markets, limited competition, some growth and openness to change. You won't recognize many of the newer generation of buyers, but they exist and are willing to buy at decent multiples in the right situation.
Sellers can have some reasons to be upbeat for 2017 as a new core of buyers has entered the market. You can read that newspapers are in rapid decline, but that is a gross generalization. While the metros have big issues, many smaller markets are doing quite well. The new buyers recognize the uniqueness of each market, and the returns still available in the community newspaper business.
Seeking a qualified, experienced newspaper broker to help you with your planned ownership transfer?
Tom Bolitho and Ed Anderson at National Media Associates will help you achieve your mission of
selling your newspaper company and achieving a satisfying outcome. Tom and Ed are career
newspapermen who have now been brokering community newspaper and media companies since 1995.
They have brokered sales of newspapers ranging in size from $300,000 to $50 million.
When you are ready to explore the sale of your company, call Tom and Ed at National Media
Associates. They have the experience, knowledge and expertise to get you to where you want to be!