When I first learned of this development, I was led to believe that it involved over 1,200 newspapers. It doesn’t - the deal actually affects less than 300. But that’s still noteworthy, and so, without further ado, I’d like to inform you that Yahoo HotJobs and GateHouse Media have forged a partnership.
GateHouse teamed up with Yahoo “as part of a larger local media consortium to provide recruitment advertising services to its daily and more than 160 weekly newspapers nationwide,” according to a press release. Those 160-ish weeklies are also, according to release, the network’s first.
But there are just 160 (or so) of them. Editor & Publisher writes, “The chain publishes about 1160 weeklies.” Typos happen to the best of us, however, and another part of the article is illuminating: “GateHouse, principally owned by the private equity group Fortress Investment Group, has recently put an emphasis on increasing the Web presence of its community papers.”
Aligning its name with Yahoo’s should certainly help the company achieve that - as I suppose the existence of this article proves. And as a bonus, GateHouse’s shares appeared to receive a slight bump upwards this morning due to the announcement.
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