Capital Newspapers

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Capital Newspapers
Type Corporation
Founded 1948
Headquarters Madison, Wisconsin, United States
Services Publishing
Revenue $121.5 million (▼ -0.4% FY '05 to '06)[1]
Operating income $25.1 million (▼ -14.8% FY '05 to '06)[1]
Net income $15.7 million (▼ -13.1% FY '05 to '06)[1]
Owner Lee Enterprises and The Capital Times Company
Employees 940
Website www.capitalnewspapers.com

Capital Newspapers is a partnership between Lee Enterprises and The Capital Times Company that operates 27 publications and several web sites in Wisconsin.[2][3] The corporate name of the company is Madison Newspapers Inc.[2] Capital Newspapers has more than 940 employees.[4]

Contents

[edit] History

The Wisconsin State Journal was first published on December 2, 1839 as The Madison Express, an afternoon weekly in Madison. It changed its name in 1852 to the Wisconsin Daily Journal in 1852 and to its current name in 1860. In 1919, the newspaper was sold to Lee Newspaper Syndicate (now Lee Enterprises) by publisher Richard Lloyd Jones.[2]

The Capital Times was founded in 1917 by the former managing editor of the Wisconsin State Journal, William T. Evjue. He quit the State Journal in the summer of 1917 after the newspaper abandoned support for Robert La Follette and his opposition to World War I. By December that year, he had raised enough funds to begin his own newspaper, an afternoon daily first published on December 13, 1917.[2]

Lee Enterprises and Evjue's The Capital Times Company began discussing a partnership that would operate both newspapers in 1947. The new partnership began on November 15, 1948 as Madison Newspapers, Inc. On February 1, 1949, the Wisconsin State Journal moved from afternoons to mornings and was the sole newspaper published on Sunday in the partnership.[5]

[edit] Central Wisconsin Acquisitions

Madison Newspapers and Lee Enterprises acquired Independent Media Group, Inc.'s newspapers in Nebraska and Wisconsin on July 1, 2000. Of the purchased newspapers, Lee Enterprises purchased 18 in both states and Madison Newspapers acquired 11 in Wisconsin. The newspapers purchased the Portage Daily Register, the Baraboo News Republic, the Shawano Leader, Reedsburg Times Press, the Juneau County Star-Times, the Wisconsin Dells Events, the Sauk Prairie Eagle, the Shopper Stopper, and the Wisconsin Reminder. Central Wisconsin Newspapers, Inc., a subsidiary of Madison Newspapers, was created to manage the newspapers.[6]

The Daily Citizen of Beaver Dam, two weekly newspapers, and five other publications were acquired by Central Wisconsin Newspapers, Inc., a subsidiary of Madison Newspapers, from Conley Publishing Group on April 1, 2002.[7][8]

[edit] Name Change

One year after completing the purchase of the Daily Citizen, Madison Newspapers changed its name to Capital Newspapers and integrated its two subsidiaries—Central Wisconsin Newspapers and Citizen Newspapers—in name only into the renamed company. The name change was strategic in order to identify itself as a regional newspaper company. According to the press release, the "change does not signal a significant reorganization and no job losses will occur because of this change. The newsrooms will remain separate and independent ...."[9]

[edit] Sales to BlueLine

On October 3, 2006, Capital Newspapers completed the sale of the Shawano Leader and its commercial printing operations near Shawano to BlueLine Media Holdings LLC of Neenah. The Leader had a circulation of 6,500 daily and 7,200 on Sundays.[10][11]

[edit] Printing Press

The Capital Newspapers printing press also inks numerous publications in the Dane County region that are not owned by the corporation. Press room clients include various University of Wisconsin student-led newspapers, such as The Badger Herald which has a Monday-Friday circulation of 16,000 during the school year[12] and The Daily Cardinal which distributes 10,000 newspapers on the same schedule.[13]

[edit] Publications

[edit] References

  1. ^ a b c 2006 Annual Report (PDF). Lee Enterprises. Retrieved on 2007-03-29.
  2. ^ a b c d Madison, WI. Lee Enterprises. Retrieved on 2007-03-28.
  3. ^ Capital Newspapers Products. Retrieved on 2007-03-28.
  4. ^ Lee Enterprises (2004-03-31). "Ellen Foley becomes editor of Wisconsin State Journal". Press release. Retrieved on 2007-03-28.
  5. ^ History. Capital Newspapers. Retrieved on 2007-03-28.
  6. ^ Lee Enterprises (2000-07-01). "Lee completes acquisition of Nebraska and Wisconsin papers". Press release. Retrieved on 2007-03-28.
  7. ^ Lee Enterprises (2002-03-14). "Lee family expands again as MNI adds Daily Citizen in Beaver Dam". Press release. Retrieved on 2007-03-28.
  8. ^ Lee Enterprises (2002-04-01). "Lee completes acquisition of 17 daily newspapers". Press release. Retrieved on 2007-03-28.
  9. ^ Lee Enterprises (2003-02-28). "New name in Wisconsin: Capital Newspapers". Press release. Retrieved on 2007-03-28.
  10. ^ Lee Enterprises (2006-09-26). "BlueLine Media Holdings will buy 2 newspapers in northern Wisconsin". Press release. Retrieved on 2007-03-30.
  11. ^ Lee Enterprises (2006-10-03). "Lee completes sales in Pacific NW, N. Wisconsin". Press release. Retrieved on 2007-03-30.
  12. ^ Colophon. The Badger Herald. Retrieved on 2007-03-30.
  13. ^ Contact Us. The Daily Cardinal. Retrieved on 2007-03-30.