The acquisition this month of Gemini Corp.’s assets by a Southeast Michigan publisher comes amid a broader consolidation trend in the media industry.
Here is the MiBiz Growth Report for Feb. 6, 2017.
• M&A: The Pioneer Group, a Big Rapids-based publisher of newspapers and an operator of a digital marketing services business, has sold after four generations of family ownership. Owners Jack and John Batdorff sold the company to Hearst Communications Inc., the New York-based publishing giant, according to a statement. The Pioneer Group publishes two daily newspapers in West Michigan, The Pioneer in Big Rapids and the Manistee News Advocate. The company also includes three weekly titles: Lake County Star, based in Baldwin; Herald-Review in Osceola County; and The Benzie County Record Patriot. The company also publishes four Shopper publications. Terms of the deal were not disclosed. Through the deal, the Hearst Newspapers division expands its holdings in Michigan, which include the Huron Daily Tribune and Midland Daily News.