Local Media Group

Local Media Group, Inc., formerly Dow Jones Local Media Group and Ottaway Newspapers Inc., is a subsidiary of Newcastle Investment Corp. and owns newspapers, Web sites and niche publications in California, Maine, Massachusetts, New Hampshire, New York, Oregon and Pennsylvania. It is headquartered in Middletown, New York, and its flagship is the Times Herald-Record. GateHouse Media, an affiliates of Fortress Investment Group along with Newcastle, is the managing partner of these outlets.

The Ottaway organization was founded in by James H. Ottaway Sr., owner of the Endicott Daily Bulletin of Endicott, NY, in 1936. It had grown to nine newspapers in the northeastern United States by 1970, when it was acquired by Dow Jones & Company, publisher of The Wall Street Journal, and later a subsidiary of Rupert Murdoch's News Corporation. Following its split into 21st Century Fox and News Corp, the company sold the Dow Jones Local Media Group to Newcastle Investment Corp., an affiliate of Fortress Investment Group.

James H. Ottaway, Sr., founded the company in November 1936, when he purchased the Bulletin, a semi-weekly paper in Endicott, New York, that he converted to a daily within a year. Ottaway added the Oneonta Star in 1944, followed two years later by the Pocono Record.