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Shaw Media acquires Iowa publication

Published: Saturday, Aug. 31, 2013 1:15 a.m. CDT

DIXON – Dixon-based Shaw Media on Friday finalized the purchase of the Prairie City News in Prairie City, Iowa.

Sellers Peter and Criste Scarnati had been the owners, publishers and editors of the publication since 2005. The newspaper has won numerous awards from the Iowa Newspaper Association, including the Harrison “Skip” Weber Investigative Reporting Award in each of the past 2 years.

Dan Goetz, publisher of Shaw-owned Newton Daily News, also will be publisher of the Prairie City News.

“This is a great opportunity for our company,” Goetz said in a news release. “Peter and Criste have served their community well by publishing an award-winning paper for many years, and we look forward to continuing that tradition.”

Tom Shaw, CEO of Shaw Media, said the latest acquisition was a good addition for the company.

“Shaw Media is pleased to bring The Prairie City News into its growing family of dedicated, community-based, information companies,” Shaw said. “We absolutely look forward to a long and mutually beneficial relationship with the community of Prairie City, which we will be serving.”

Criste Scarnati said negotiations on the sale began several months ago.

“We’re very pleased to leave the oldest existing business in Prairie City in the capable and highly experienced hands of [Newton Printing Co.],” she said.

In existence since 1875, the Prairie City News is the oldest continually operating business in Prairie City.

Shaw Media is the third-oldest continuously owned and operated family newspaper company in the nation. In addition to theDaily News, it operates newspaper properties in suburban Chicago, northern Illinois, and southwestern Iowa. They include Sauk Valley Media.

 

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