CherryRoad Media Inc. has acquired nine newspapers from Rust Communications, Inc. The newspapers are published in Arkansas and Missouri. Terms not disclosed. This marks the latest acquisition for CherryRoad Media, which entered the newspaper industry in late 2020 with the purchase of the weekly Cook County (MN) News-Herald. It has since acquired 52 other titles, including four in Arkansas and four in Missouri, as well as two start up newspapers in Minnesota.
CherryRoad Media is a wholly owned subsidiary of CherryRoad Technologies, a 39-year-old Parsippany, New Jersey-based technology company. CherryRoad provides complex technical solutions and system integration services to large enterprise customers, particularly state and local government entities. CEO Jeremy Gulban says the company decided in 2020 to look at the local newspaper industry because of the perceived need for “an infusion of technology from a supportive side, as opposed to a competitive side”.
