Shaw Media, owner of the Newton Daily News, and Arthur Publishing, owner of the weekly Jasper County Tribune in Colfax, have joined forces through a joint-operating agreement, the companies announced today in a joint statement.
Under the deal, the Newton Daily News will manage the day-to-day functions of the Jasper County Tribune for the next 12 months and will then have an exclusive option to acquire the company. Allyn Arthur, owner of Arthur Publishing, will serve as a consultant while the joint-operating agreement is in effect.
“This is a great opportunity for our company,” Newton Daily News publisher Dan Goetz said. “It is a big step forward for us as we look for opportunities to grow and to better serve the residents of Jasper County and central Iowa.”
Goetz said the operation is a perfect fit.
“It is geographically a very nice addition to our Newton-based operation,” he said. “It’s right down the highway from our plant, and we will be able to share resources in a way that will make both operations stronger.”
The two companies have enjoyed a positive relationship for many years, Goetz said. “As a commercial printing customer, Allyn has always been a great business partner, and this arrangement is an outgrowth of that relationship.”
“As publisher and owner of the Jasper County Tribune since 1994, I’ve enjoyed serving the communities in Jasper County,” Arthur said. “ I feel that with the resources and staff that the Newton Daily News has available the Tribune will grow and improve immensely and I am pleased to be able to 'pass the torch' on to such a quality news organization.”
Shaw Media, which has been owned by the Shaw family since it was founded in 1851, is based in Dixon, Ill., and operates properties in suburban Chicago, northern Illinois and Iowa.