Industry | Newspapers |
---|---|
Fate | Bought, then dissolved |
Successor | Community Newspaper Company |
Founded | 1986 |
Defunct | 1996 |
Headquarters | 33 New York Avenue, Framingham, Massachusetts 01701 United States |
Key people
|
Asa Cole, group publisher |
Products | Middlesex News, two other dailies, and 11 weekly newspapers |
Number of employees
|
1994: 460 |
Parent |
Harte-Hanks, 1985-1995 Fidelity Investments, 1995-1996 |
News-Transcript Group, based in Framingham, Massachusetts, United States, was a newspaper publisher in eastern Massachusetts, overseeing three daily newspapers and several weekly newspapers before being bought by Fidelity Investments in 1995 and dissolved into Community Newspaper Company the next year.
The group was formed in 1986 when Harte-Hanks bought Transcript Newspapers Inc. of Dedham, Massachusetts, merging it with the Middlesex News. Later that year, Harte-Hanks bought Century Newspapers and combined its operations with News-Transcript. In the mid-1990s, as Harte-Hanks divested its newspaper holdings, the company announced in 1994 that it would sell the 14-newspaper chain to Fidelity Investments.
The purchase price was not disclosed, but was estimated at US$30 million to US$40 million. When the sale was complete in 1995, Fidelity made News-Transcript a division of Community Newspaper Company, which became the second-largest circulation publisher in Massachusetts, with 766,000 weekly copies.
News-Transcript—known within CNC as Middlesex Community Newspapers—was dissolved in early 1996, when CNC realigned its operating units by geography, assigning the News-Transcript papers to new Metro, Northwest and West units.
Harte-Hanks bought the Middlesex News in 1972, establishing its "Northeast Group" of newspapers, which included three Town Crier weeklies in towns neighboring the News' core coverage area of Framingham and Natick, Massachusetts. The News, a 40,000-circulation daily, gave Harte-Hanks—and later CNC—a mid-sized daily newspaper to serve as a flagship for scattered weeklies and smaller dailies.