Hathaway Publishing#History
{{Short description|Newspaper}}
{{Use mdy dates|date=February 2025}}
{{Infobox company
| name = Hathaway Publishing
| logo =
| type = Subsidiary
| area_served = South Coast of Massachusetts
| key_people = Peter Meyer, publisher
Warren G. Hathaway, publisher emeritus
Phil Devitt, managing editor
| industry =
| products = Weekly newspapers
| services =
| revenue =
| operating_income =
| net_income =
| num_employees =
| parent = Dow Jones, 1997-2007
News Corporation, 2007-2013
| defunct = December 2013
| fate = Acquired by GateHouse Media
| divisions =
| subsid =
| footnotes =
| intl =
| foundation = 1932
| location = 780 County Street, Somerset, Massachusetts 02726
United States
| locations =
| caption =
| homepage = {{URL|hathawaypublishing.com}}
}}
Hathaway Publishing was a subsidiary of The Local Media Group Inc. Hathaway published five weekly newspapers in the South Coast region of Massachusetts.
History
Owned by the Hathaway family until 1997, the company later partnered with its former competitor, the Ottaway daily The Standard-Times of New Bedford, Massachusetts.Bushnell, Davis. "It's Independents' Day No More." The Boston Globe, December 28, 1997 Together, the two companies comprised Ottaway's South Coast Media Group.[http://www.southcoasttoday.com/advertise/card2.pdf SouthCoast Media Marketing Guide] {{Webarchive|url=https://web.archive.org/web/20061112125519/http://www.southcoasttoday.com/advertise/card2.pdf |date=2006-11-12 }}, accessed January 10, 2007. William T. Kennedy serves as publisher of both properties, although former owner Warren G. Hathaway is publisher emeritus of the weeklies. Both Hathaway and The Standard-Times contribute to a regional Web site, SouthCoastToday.com.[http://www.southcoasttoday.com SouthCoastToday.com]
News Corp. acquired Ottaway when it bought parent company Dow Jones & Company for US$5 billion in late 2007. Rupert Murdoch, the head of News Corp., reportedly told investors before the deal that he would be "selling the local newspapers fairly quickly" after the Dow Jones purchase."Ottaway Papers Might Be Sold, Including 16 in N.E." [http://www.nepa.org/Bulletin%20Archives/NEPA_Bulletin_Dec07.pdf NEPA Bulletin (Boston, Mass.), December 2007] {{webarchive|url=https://wayback.archive-it.org/all/20080216031818/http://www.nepa.org/Bulletin%20Archives/NEPA_Bulletin_Dec07.pdf |date=2008-02-16 }}, page 3.
On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group to Newcastle Investment Corp.—an affiliate of Fortress Investment Group, for $87 million. The newspapers will be operated by GateHouse Media, a newspaper group owned by Fortress. News Corp. CEO and former Wall Street Journal editor Robert James Thomson indicated that the newspapers were "not strategically consistent with the emerging portfolio" of the company.{{cite news|title=News Corp. sells 33 papers to New York investors|url=http://www.bizjournals.com/newyork/news/2013/09/04/news-corp-sells-dow-jones-local-media.html|work=New York Business Journal|access-date=4 September 2013}} GateHouse in turn filed prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations in order to accommodate the acquisition.{{cite news| url=https://www.bloomberg.com/news/2013-09-27/gatehouse-files-for-bankruptcy-as-part-of-fortress-plan.html | work=Bloomberg | title=GateHouse Files for Bankruptcy as Part of Fortress Plan}}
Holdings
Hathaway published four newspapers at the time Ottaway bought it: The Advocate, The Chronicle, the Middleboro Gazette and The Spectator. The Somerset, Massachusetts-based family company was founded by Sidney L. Hathaway Jr., who established The Spectator there in 1932. In 2003, Ottaway added the fifth newspaper, The Fall River Spirit.
References
{{reflist|30em}}
{{Gannett}}
Category:American companies established in 1932
Category:Publishing companies established in 1932
Category:Mass media companies established in 1932
Category:Newspapers published in Massachusetts
Category:Mass media in Bristol County, Massachusetts
Category:Mass media in Plymouth County, Massachusetts
Category:Former News Corporation subsidiaries
Category:2013 mergers and acquisitions