21st Century Newspapers

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21st Century Newspapers
IndustryPublishing
Founded1995-2005
FounderFrank Shepherd
Goldman Sachs Capital Partners II, L.P.
Kelso & Company
Headquarters,
United States
Area served
Michigan
Key people
Frank Shepherd, Chairman and CEO; Doug Haensel, President and COO
ProductsNewspapers, 129 newspaper titles including weeklies and dailies
Revenue$175,000,000
$35,000,000
SubsidiariesHeritage Newspapers

21st Century Newspapers was a corporation owning newspapers in the state of Michigan and based in Pontiac, Michigan and founded in 1995.

History[]

21st Century Newspapers' first acquisitions were The Oakland Press and The Macomb Daily and The Royal Oak Tribune on August 21st, 1997. They were purchased from The Walt Disney Company in Burbank, California. 21st Century under Frank Shepherd, President, Chairman, and CEO began a buying spree that eventually ended with approx. 129 newspaper titles. The company also acquired newspaper assets of Brill Media Company(purchased out of bankruptcy) in August 2002 including Morning Sun daily newspaper in Mt. Pleasant, Michigan, and newspapers in Traverse City, Charlevoix, Gaylord, East Jordan, Elk Rapids, Central Lake, Bellaire and Tawas City and other communities in central and northern Michigan. In addition newspapers in "Downriver Detroit" were also purchased including newspapers in Wyandotte, Southgate, Dearborn, Lincoln Park, Melvindale, Allen Park, Taylor and Trenton[1] In September 2002, Booth Newspapers acquired 21st Century Newspapers Suburban Flint Newspaper Group which has nine local papers: The Clio Messenger, The Davison Flagstaff, The Fenton Press, The Grand Blanc News, Flint Township News, The Flushing Observer, The Holly Press, The Suburban Burton, and Swartz Creek News and included Suburban Flint shopper. All of which became part of the Flint Journal as the Community Newspapers.[2] on August 21st, 2005, 21st Century was acquired by Journal Register Company.[3]

Assets[]

  • Oakland Press
  • Macomb Daily
  • Daily Tribune, Royal Oak
  • Morning Sun, Mount Pleasant [3]

and approx. 120 other newspaper titles. In addition, the acquiring company purchased The Greater Detroit Newspaper Network. This 21st Century Company operated as the major group selling arm of 21st Century Newspapers. They generated approx. $25. million of annual profit by selling to national companies with most revenue coming from pre-printed inserts. The sale of 21st Century Newspapers in August of 2005 was the largest newspaper sales by dollar volume in the US for the year 2005. Shepherd remained a consultant for the purchasing company for a short period then left and joined other newspaper companies Board of Directors. In 2012 he finally retired to Charlevoix, Michigan where he still resides. He started a township newspaper in 2018 and it still is published monthly and has a website. Shepherd began his newspaper career in Port Huron, Michigan as a carrier boy for The Port Huron Times Herald owned by the "Weil Family". He rose to become Classified Manager then the company purchased a weekly, Utica Sentinel, in Utica, Michigan. Shepherd became General Manager and turned the weekly into a daily newspaper, The Daily Sentinel. It was sold to Gannett in the late 1960's. Shepherd previously worked for Scripps Howard Newspapers in Cincinnati, Ohio as VP of Operations from 1983 until 1991. He was recruited by Stauffer Communications in 1991 as President and CEO and a member of The Board of Directors. Previously, Shepherd also worked for Panax Corporation of East Lansing, Michigan, and was a member of their Board of Directors. He joined the company in 1968 and headed the sale of the company, in part to Rupert Murdock(Texas newspapers) in August of 1980.

Shepherd sold 21st Century, in August 2005 for $415,000,000 cash then retired to Charlevoix, Michigan. He is married to the former Beth Louise Lyons(Shepherd) for the past 41 years. In total, his newspaper career spanned 5 decades from the early 1960's until 2005.

Notes[]

  1. ^ "21st Century Newspapers Acquires Brill Media's Newspaper Assets; Network Now Reaches 69 Percent of Michigans Lower Peninsula Counties". PR Newswire. Retrieved 2012-12-23.
  2. ^ "Booth Newspapers Acquires Nine Suburban Flint Weekly Papers. They were purchased from 21st Century Newspapers". flintjournal.com. Archived from the original on 2008-07-24. Retrieved 2008-04-14.
  3. ^ a b "JOURNAL REGISTER BUYS MICHIGAN PAPERS FOR $415M Oakland, Macomb, two other dailies, and 87 non-dailies". NewsInc. Retrieved 2008-04-24.
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