ACM co-owner Antony Catalano has declared “the new ACM is open for business” after sealing a deal that will strengthen one of the key mastheads in the regional publisher’s stable of 14 daily newspapers.
Under an agreement announced in Bendigo today, the owners of the Bendigo Weekly will merge their free weekly newspaper into ACM’s paid daily, the Bendigo Advertiser.
It’s the first strategic move by Mr Catalano since the former Domain CEO and Alex Waislitz’s Thorney Investment Group took control of ACM, the former Fairfax Media regional publishing division, from Nine Entertainment on July 1.
“We’ve acted quickly and decisively because we know that Bendigo’s two most trusted sources of local news and advertising will be much stronger together,” Mr Catalano said.
“We’re proud to be taking a positive approach to the challenges in regional media, and we’ll continue to lead the way with innovative solutions like this.”