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Fax: 770-277-5277
http://www.3plcrown.com/index.htm
You might say this company races to cover the news. Triple Crown Media is a daily newspaper publisher with about a dozen papers serving smaller markets in the suburban Atlanta market. The company's portfolio is anchored by its flagship Gwinnett Daily Post. Its other newspapers include The Albany Herald, the Rockdale Citizen, The Clayton News Daily, The Henry Daily Herald, and The Jackson Progress-Argus. Triple Crown Media's papers boast a total daily circulation of more than 90,000. Spun off from TV station operator Gray Television in late 2005, Triple Crown Media is controlled by investment firms led by GoldenTree Asset Management.
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The Atlanta Journal-Constitution (AJC) announces strategic distribution partnership agreement with Triple Crown Media, Inc. A newspaper publishing group, Triple Crown Media, Inc (TCM) locally operates seven newspapers. The AJC will begin distributing four TCM publications, anticipated to be effective March 30. Under the agreement, the AJC will deliver the Gwinnett Daily Post, Rockdale Citizen and Newton Citizen. The three daily newspapers will continue to be delivered during their current Tuesday through Sunday publishing schedule. The AJC will deliver to homes as well as retail outlets selling the publications. In addition, the AJC will deliver Kidsville News, a monthly Newspaper in Education publication published by TCM.
"This is a great opportunity for the AJC and TCM," said Bob Eickhoff, SVP of Operations for the AJC. "This partnership allows the AJC to continue to leverage its existing distribution channels in a way that benefits both companies and better serve customers," Eickhoff added.
The transition will be transparent to Triple Crown Media customers. The agreement does not impact delivery locations, dates or times and TCM will continue to maintain a customer care department for TCM subscribers.
"Like every company operating in this difficult economic environment we are continually exploring strategies to reduce costs while improving services for our readers and advertisers," said Mike Gebhart, EVP for TCM. "We think the strategic partnership with the AJC will help us achieve both of these goals," Gebhart concluded.
The Gwinnett Daily Post is delivered to 61,000 households daily and 104,000 on Sunday while The Rockdale Citizen has a circulation of 6,000 and the Newton Citizen has a circulation of 4,000 newspapers.
About The Atlanta Journal-Constitution
The Atlanta Journal-Constitution is the leading source - both in print and online - of news, information and advertising for metropolitan Atlanta, reaching a total print and online audience of nearly 2.2 million people each week. Every month, nearly 2.3 million unique visitors access the newspaper's Web sites, including ajc.com and accessAtlanta.com. The Atlanta Journal-Constitution is part of Cox Media Group, a publishing, digital media and broadcasting subsidiary of Atlanta-based Cox Enterprises.
About Triple Crown Media, Inc.
Triple Crown Media publishes seven newspapers in Georgia - The Gwinnett Daily Post, The Rockdale Citizen, The Newton Citizen, The Albany Herald, The Clayton News-Daily, The Henry Daily Herald and The Jackson Progress-Argus.
| Company Type | Private - Headquarters |
|---|---|
| Fiscal Year-End | June |
| 2008 Sales (mil.) | $46.0 |
| Employees | 344 |
| Jun 08 | Jun 07 | Dec 05 | |
| Revenue | 46.0 | 130.3 | 53.8 |
| Cost of Goods Sold | 33.1 | 107.2 | 40.7 |
| Gross Profit | 12.9 | 23.1 | 13.1 |
| Gross Profit Margin | 28% | 17.7% | 24.4% |
| SG&A Expense | 3.8 | 5.7 | 1.5 |
| Depreciation & Amortization | 1.9 | 7.1 | 4.7 |
| Operating Income | 1.4 | 10.7 | 7.4 |
| Operating Margin | 3.1% | 8.2% | 13.7% |
| Nonoperating Income | (1.4) | (0.8) | 0.4 |
| Nonoperating Expenses | (11.3) | -- | -- |
| Income Before Taxes | (11.3) | (4.2) | 7.1 |
| Income Taxes | 6.7 | (1.6) | 2.7 |
| Net Income After Taxes | (18.0) | (2.6) | 4.4 |
| Continuing Operations | (18.0) | (2.6) | 4.4 |
| Discontinued Operations | (41.0) | (0.8) | -- |
| Total Operations | (59.0) | (3.5) | 4.4 |
| Total Net Income | (59.0) | (3.5) | 4.4 |
| Net Profit Margin | -128.1% | -2.7% | 8.2% |
| Diluted EPS from Total Net Income | (10.62) | (0.66) | 0.91 |
| Dividends per Share | -- | -- | -- |
| Assets | Jun 08 | Jun 07 | Dec 05 |
| Current Assets | |||
| Cash | 1.1 | 0.2 | 1.5 |
| Net Receivables | 9.4 | 12.4 | 23.1 |
| Inventories | 0.4 | 0.4 | 1.7 |
| Other Current Assets | 0.8 | 2.8 | 1.2 |
| Total Current Assets | 11.8 | 15.8 | 27.5 |
| Net Fixed Assets | 7.0 | 13.6 | 13.6 |
| Other Noncurrent Assets | 21.9 | 145.1 | 129.9 |
| Total Assets | 40.6 | 174.5 | 171.0 |
| Liabilities | Jun 08 | Jun 07 | Dec 05 |
| Current Liabilities | |||
| Accounts Payable | 1.2 | 9.0 | 5.9 |
| Short-Term Debt | 20.2 | 8.5 | 2.8 |
| Other Current Liabilities | 7.3 | 21.6 | 26.0 |
| Total Current Liabilities | 28.7 | 39.1 | 34.7 |
| Long-Term Debt | 50.6 | 116.3 | 119.1 |
| Other Noncurrent Liabilities | 26.3 | 7.9 | 24.4 |
| Total Liabilities | 105.6 | 163.2 | 178.2 |
| Shareholder's Equity | |||
| Preferred Stock Equity | -- | 17.1 | -- |
| Common Stock Equity | (65.0) | (5.9) | (7.2) |
| Total Equity | (65.0) | 11.3 | (7.2) |
| Shares Outstanding (thou.) | 5,591.6 | 5,591.6 | 5,591.6 |
| Jun 08 | Jun 07 | Dec 05 | |
| Net Operating Cash Flow | (6) | 1 | 9 |
| Net Investing Cash Flow | 61.8 | (5.9) | (74.6) |
| Net Financing Cash Flow | (54.5) | 4.7 | 66.0 |
| Net Change in Cash | 0.9 | (0.0) | 0.8 |
| Depreciation & Amortization | 1.9 | 7.1 | 4.7 |
| Capital Expenditures | (0.3) | (0.7) | (2.2) |
| Cash Dividends Paid |
| Title | Name & Bio | Contact |
|---|---|---|
| Chairman | Hilton Howell Age 48 | |
| CEO and Director | Robert Prather Age 65 $95,370 salary | |
| EVP Operations | Michael Gebhart Age 54 $207,773 salary $30,000 bonus | |
| EVP and CFO | Name On File | |
| Director | Name On File | |
| Director | Name On File | |
| Director | Name On File | |
| Director | Name On File |
| Location | Title |
|---|---|
| MD | Director of Principal and Planned GiftsThis link will open in a new window 03/16/2011 performances, digital media outreach in diverse... Ravens, as well as the well-known 2nd leg of the Triple Crown, the Preakness Stakes at Pimlico Racetrack... |
The health of the economy drives both advertising and readership. The profitability of individual companies depends on marketing expertise, as most costs are fixed. Large companies benefit from economies of scale in sharing resources and by providing a range of outlets for advertisers. Small publishers can compete successfully by serving smaller markets. The industry is fairly labor-intensive: average annual revenue per employee is about $120,000.
| Companies | Location |
|---|---|
| Cox Newspapers, Inc. | Atlanta, GA |
| Gannett Co., Inc. | McLean, VA |
| Meredith Corporation | Des Moines, IA |
