“Press & Sun-Bulletin” Parent Spins Off Papers
The owner of the Binghamton Press & Sun-Bulletin is planning to spin off its newspaper operations.
Gannett Company this morning announced it intends to create two separate companies. One would be for Gannett's traditional publishing business; the other would be composed of the firm's broadcasting and digital operations.
Many industry observers had been predicting the move in recent months. Other major media companies have taken similar steps.
Gannett began as a newspaper company in upstate New York. The Star-Gazette in Elmira bills itself as "the first Gannett newspaper."
The publishing business will include Gannett's 81 local daily newspapers and the company's national publication, USA Today.
Gannett's editorial and business operations for its Binghamton, Elmira and Ithaca newspapers and website now are based on Lewis Road in Choconut Center. The company's Johnson City printing facility opened eight years ago.
Corporate officials say the publishing operation will retain the Gannett name. No name has been announced for what will become the broadcasting and digital company.