| Type | Private |
|---|---|
| Industry | Advertising sales |
| Founded | 1997 |
| Headquarters | Birmingham, Alabama, USA |
| Key people | George Wakefield, Chairman Donna J. Barrett, President and Chief Executive Officer Lynn Pearson , Chief Financial Officer |
| Products | Newspapers |
| Revenue | $520 million USD (2009) |
| Employees | 6,501 (2007) |
| Website | http://www.cnhi.com/ |
Community Newspaper Holdings, Inc.(CNHI) is a publisher of newspapers and advertising-related publications throughout the eastern part of the United States. The company was formed in 1997 by Ralph Martin[1], and is based in Birmingham, Alabama. The company is financed by the Retirement Systems of Alabama.
The company has been formed by acquisitions. It started by acquiring many of the smaller former Park papers from Media General. Two years later, it bought several papers from Hollinger International. In 2000, it acquired another batch of papers from the Thomson Corporation.
As of 2006, CNHI owned 90 daily newspapers and more than 200 non-daily newspapers in 22 states. George Wakefield is CNHI chairman; Donna Barrett is president and CEO. CNHI newspapers are clustered in groups that cross-sell packages to advertisers[1] and occasionally feature shared editorial content.
On June 24, 2010, the company announced that it would relocate its headquarters and about 70 jobs to Montgomery, Alabama, into the RSA Dexter Tower Building when that building is complete in late 2011 or early 2012.[2] Like its current headquarters in Birmingham, the new building will be owned by Retirement Systems of Alabama, which is the principal source of investment funding for CNHI. David Bronner, CEO of the RSA, said the move will be good for the community and the company. The Montgomery Advertiser newspaper reported that Bronner was a key player in the move. With CNHI's Birmingham lease expiring, the decision to bring the company to Montgomery "was something that I strongly suggested," he said, according to the newspaper. The city and Montgomery County offered $300,000 in incentives to pay moving costs for the company.
CNHI tends to purchase smaller, less famous newspapers. Few of its dailies have circulations above 20,000; exceptions include: