The three leading local media companies serving the five boroughs of New York City along with Long Island and Westchester have now become one, according to Gary Greene, Cribb, Greene & Cope who advised the sellers on the transaction.
Schneps Communications, a family-run business owned by Victoria and Joshua Schneps, has acquired Community News Group and NYC Community Media, one of the largest publishers of community newspapers, niche publications, websites and events in New York State.
Together, Schneps, CNG, and NYCCM offer unmatched reach in the five boroughs of New York City, as well as Long Island and Westchester. The newly combined company will be known as Schneps Community News Group and will have a total printed weekly circulation of more than 300,000 copies, a digital reach of more than 2.5 million page views per month, and host more than 40 events every year.
“We will clearly have the largest reach of any local media company in New York City across print, digital, and events,” said Joshua Schneps, SCNG Chief Executive Officer. “We can now offer companies large and small, seeking to reach an individual neighborhood or the entire City of New York and its surrounding region, the most cost-effective and efficient means of marketing.”
Each borough and Long Island have a group of distinctive media assets, some dating back as far as 1908.
With the uncertainty of the media landscape both locally and nationally, Schneps has prospered by investing in content not only in its newspapers and niche publications, but through successful digital assets and events that have created a diversified media company.
“This acquisition will allow us to reach a scale that will create unique opportunities for clients that want to target their marketing and work with proven brands,” said Victoria. “In addition, our knowledge and success around digital and events will be a boon to many of CNG’s exceptional outlets,” Joshua added.
CNG and NYCCM was owned and operated by husband-and-wife team of Les and Jennifer Goodstein. Les was a News Corp executive who led the initial formation of CNG through a series of acquisitions, while Jennifer acquired NYCCM, with its group of titles in Manhattan, from their previous owner. In 2014 Les and Jennifer acquired CNG from News Corp, bringing the group back to its roots as a family-owned business.
Les and Jennifer Goodstein were advised on the sale by Gary Greene of Cribb, Greene & Cope.
Schneps Communications has grown since the founding of The Queens Courier, by Victoria Schneps in her home in 1985, to become the preeminent publisher of community newspapers, leading digital websites and assets, business-to -business events, and live events.
Its media assets include:
The Queens Courier
The Courier Sun
The Ridgewood Times
The Times Newsweekly
The Long Island Press
The North Shore Towers Courier
Cryder Point Courier
Queens in Your Pocket
Aspire College Magazine
Best of Long Island
Best of Brooklyn
Best of the Boro
The World’s Fare
The Kings, Power Women and Stars business events Hosted throughout NYC and Long Island
The Power List events
Real Estate Award and Conference Events
Senior Health Expos