Donrey Media Group

Stephens Media LLC is a Las Vegas, Nevada, diversified media investment company. It owns stakes in the California Newspapers Partnership and the Northwest Arkansas Democrat Gazette.

The company had been expanding its interactive Internet business, operating online sites for its newspapers and portal sites like LasVegas.com, which is licensed to Greenspun Media Group. The company is also a partner in the California Newspapers Partnership with MediaNews and Gannett. The company also formed Northwest Arkansas Newspapers LLC in November 2009, a joint venture with WEHCO Media Inc., in Arkansas.

On November 28, 2010, Stephens Media Iowa, LLC, a subsidiary of Stephens Media, acquired several newspapers, including the Ames Tribune, Boone News-Republican, Dallas County News, Nevada Journal, Ames About People & Advertiser, Tri-County Times, and Algona Upper Des Moines from Midlands Newspapers Inc., a subsidiary of the Omaha World-Herald Company.

In August, 2011, the Algona Upper Des Moines was sold to Hallmark Media.

The company was formerly called Donrey Media Group, which was founded by Arkansas media mogul Donald W. Reynolds and based in Fort Smith, Arkansas. After Reynolds died in 1993 at the age of 86, the company was sold to the Stephens family of Arkansas, known for their Little Rock investment banking business Stephens Inc. Some of Donrey's properties were sold off, and the company moved its headquarters to Las Vegas, Nevada, home of its largest newspaper, the Las Vegas Review-Journal. The company was renamed Stephens Media Group in 2002. In June 2006, the company became known as Stephens Media LLC. The company has no connection with Stephens Media Group, a radio broadcasting company in Tulsa, Oklahoma.