Post Community Media to shutter two Maryland Gazette editions, sell other properties
Friday is the day companies like to dump bad news, and this Friday is no different as Post Community Media announced today that it would be closing its two editions of The Maryland Gazette that serve Montgomery and Prince George’s counties after failing to find a buyer for the properties. As part of the announcement, PCM said it had sold its Southern Maryland Newspapers to Adams Publishing Group and the Fairfax County Times and Comprint Military Publications to Whip It Media (someone really likes Devo apparently).
“We have made a sincere and earnest effort to keep our two free community newspapers financially viable,” management wrote to employees today. “However, as we have seen across the country with suburban papers that border markets with strong major metro papers, even extensive expense reductions and the development of new products are not enough to offset declining advertising revenue for individual papers.”
“After a comprehensive but unsuccessful effort to find a buyer for The Maryland Gazettes, we are sorry to report that they will cease publishing effective June 18, 2015,” management announced.
The news was greeted with a very thoughtful statement by Neil Greenberger, legislative information officer for Montgomery County Council: “A lot of people would snicker at the mention of a newspaper that you could find laying in your driveway every Wednesday, but only once it will be officially gone will many people realize how important it is to have a regular printed friend that had news for and about you.”
Bethesda Magazine has just published an excellent story on the closing and sales – find it here.