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The Peoria Times-Observer, formerly known as simply “The Observer,” will no longer be published after next month, the weekly paper announced today: The April 28 edition of the Peoria Times-Observer will be the final edition of the newspaper, which is delivered free of charge to homes in North Peoria and Dunlap. Citing the changing [...] GateHouse Media, which now owns both the Journal Star and the Times-Observer, has consolidated the two newspapers’ offices: TimesNewspapers’ office at 1616 W. Pioneer Parkway, Peoria, will be closed Friday. The TimesNewspapers’ office, which houses the Peoria Times-Observer, will move to a new location at 1 News Plaza, Peoria, 61643. Could this be the [...] I just got this e-mail from DeWayne Bartels of the Peoria Times-Observer: Judge James E. Shadid today recused himself from the case of alleged serial rapist Monterius Hinkle. Shadid recused himself because he made a $250 political contribution to Peoria County State’s Attorney Kevin Lyons’ campaign in April, a fact uncovered this morning by [...] GateHouse Media, the parent company of the Peoria Journal Star and Peoria Times-Observer, saw its stock fall to just 44¢ per share at the close of trading today. Also, according to Compliance Reporter: GateHouse Media’s corporate family rating and probability of default rating was downgraded last Monday by Moody’s Investors Service, on concerns the [...] From the Peoria Times-Observer: OSF St. Francis, Inc. has leased about half of the [former K's Merchandise] building to consolidate offices spread throughout Peoria. Also in the story, fifth district councilman Pat Nichting uses this news to push for the Pioneer Parkway extension. “‘There’s a lot of folks being patient waiting for the extension [...] GateHouse Media, Inc., the company that owns the Peoria Journal Star and the Peoria Times-Observer, finally saw their stock rise slightly, closing right at $1 today. Unfortunately, they also saw the NYSE halt floor trading of their stock — the first step toward being de-listed altogether. NYSE Regulation spokesman Scott Peterson said trading of [...] GateHouse Media shares have officially closed at less than $1. It’s looking more and more like this analyst’s predictions from early June will be coming true: The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the [...] Dipping as low as 87¢ in early trading, GateHouse stock rebounded to $1.06 at one point, and is $1.02 as of 10:44 a.m. If it falls below $1, it may be delisted from the NYSE. Still no coverage of GateHouse’s implosion by the Journal Star. |
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