The Dolan Company, the parent company of Arizona News Service and Arizona Capitol Times, has officially been sold to New Media Investment Group.
New Media, formerly known as GateHouse Media, is one of the largest publishers of locally based print and online media in the United States. As of September 2015, it owned 575 publications operates in 490 markets across 32 states, reaching more than 22 million people on a weekly basis.
New Media purchased Dolan for $35 million. Dolan publishes 39 print and online publications in 17 markets, including Arizona Capitol Times, Yellow Sheet Report and Arizona Legislative Report.
Arizona News Service was founded in 1906. Launched and guided by the Creighton family for nearly a century, Arizona News Service and its many publications, including Arizona Capitol Times, was purchased by Dolan in 2005.
“We’re excited about being part of New Media Investment Group and the opportunities it creates for us going forward,” said Ginger Lamb, vice president and publisher of Arizona News Service/Arizona Capitol Times. “But, right now, it’s business as usual for all of us here. We’re busy preparing for the start of the legislative session on Monday and will continue to provide all of the wonderful products and services our clients expect.”