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media

Aug 8, 2022

Axios to be sold to Cox Enterprises for $525M

Axios Media Inc., the Arlington-based digital media company and news outlet, announced Monday it will be sold to investor Cox Enterprises Inc. for $525 million in a deal reached Sunday. The company is expected to reach $100 million in revenue this year, it says. According to Axios, its three co-founders — CEO Jim VandeHei, President […]

Jun 12, 2022

Virginia Business wins national awards for writing, design

Virginia Business won two national journalism awards Saturday during The Alliance of Area Business Publishers’ (AABP) 2022 Editorial Excellence Awards ceremony, held in Columbus, Ohio. Former Virginia Business Deputy Editor Rich Griset placed silver in the Best Body of Work, Single Writer category for feature articles including his May 2021 cover story profile of MicroStrategy […]

Jun 8, 2022

Gannett restructuring into two units

McLean-based Gannett Co. Inc. is restructuring to create two new U.S. business units, the nation’s largest newspaper publisher announced last week. The units will be Gannett Media and Digital Marketing Solutions (DMS). Maribel Perez Wadsworth, based in McLean, will lead Gannett Media, while Kris Barton, based in the Los Angeles area, will lead DMS. “This […]

Regent University was originally founded as Christian Broadcasting Network University in 1977 by media mogul and televangelist Pat Robertson, who sought the GOP nomination for president in 1988. Photo courtesy Regent University
Apr 28, 2022

The Royals of Regent

Although Lynchburg’s Liberty University has grabbed plenty of headlines in recent years, Virginia Beach-based Regent University can more than hold its own as a politically influential private Christian institution. Founded and still run by the 92-year-old televangelist and culture warrior M.G. “Pat” Robertson, Regent now has 11,000 students, 80% of whom are enrolled online. The […[...]

Apr 13, 2022

Comcast taps Comscore’s measurement tools

Comcast Cable’s ad sales arm will begin offering Reston-based Comscore Inc. media measurement and analytics tools as an alternative to the Nielsen ratings system, Comscore announced this week. Effectv, which sells ads in 66 markets for Comcast Cable, will use Comscore’s impression-based measurement product with its local advertising clients. The cable company has nearly 35 […]

Apr 12, 2022

Roanoke Times union, Lee settle on new contract

The Roanoke Times newsroom union said Tuesday it has agreed on a new two-year contract with owner Lee Enterprises, following a brief picket line last week. Members of the Timesland News Guild, which represents 30 employees of The Roanoke Times and Laker Weekly, will receive 2% annual raises, and minimum full-time pay will rise about […]

Apr 4, 2022

Roanoke Times union pickets over wages, mileage

The Roanoke Times’ newsroom union staged its first-ever picket line briefly Monday as a message to the newspaper’s owners, Lee Enterprises, which the union says won’t budge on requested salary and mileage reimbursement increases. Alison Graham, vice chair of the Timesland News Guild and a staff writer at The Roanoke Times, said earlier Monday that […]

Feb 22, 2022

Tegna to sell for $5.4B to hedge fund

Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will buy Tegna for $24 per share […]

Jan 19, 2022

Graham Media Group announces next president and CEO

Catherine Badalamente will be the next president and CEO of Arlington-based Graham Holdings Co.’s local media division, Graham Media Group. Her hiring follows current president and CEO Emily L. Barr’s Tuesday announcement that she would retire later this year. Graham Holdings Co. is the family company of the late Katharine Graham, who was the former […]

Dec 31, 2021

Media matters

It’s hard to have a conversation about anything in the headlines, especially anything to do with technology or politics, without some blame being assigned to “the media,” as if there were one enormous unified communications cloud shaping all our collective thoughts. That would be enormous for certain, but the media is perhaps more consolidated than […]

newspapers - Roland Unger
Nov 29, 2021

Newsroom unions urge Lee to reject Alden’s offer

A dozen Lee Enterprises newsroom unions, including three in Virginia, wrote an open letter to company management Monday, urging Lee to reject Alden Global Capital’s purchase offer of approximately $144 million. “Alden has cut their staffs at twice the rate of competitors, resulting in the loss of countless jobs,” the letter reads. “They’ve fostered unhealthy […[...]

Nov 22, 2021

Alden Global Capital seeks to buy Lee Enterprises for $144M

Alden Global Capital, the hedge fund that owns The Virginian-Pilot and Daily Press in Virginia, has proposed purchasing Lee Enterprises, the Iowa-based owner of the Richmond Times-Dispatch and most other major Virginia newspapers, for approximately $144 million, Alden announced Monday. If accepted, the $24 per share purchase price would consolidate 12 of Virginia’s daily legacy […]

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