A Texas media investor had to raise his offer for the Tracy Press, Patterson Irrigator and Scotts Valley Press-Banner after the San Francisco Examiner outbid his original offer for the three weekly newspapers. The papers, owned by the family of Bob Matthews, were eventually sold through bankruptcy court proceedings to H. Lee Wilcox of San Angelo, Texas, for $1.25 million. The Tracy Press reports that a bankruptcy judge in Sacramento approved the sale on Wednesday. Wilcox had originally agreed to
A buyer has offered $1.1 million for the Tracy Press, Scotts Valley Press Banner and Patterson Irrigator, all weekly newspapers. Robert S. Matthews, president of the Tracy Press Inc., said in a declaration filed in U.S. Bankruptcy Court in Sacramento (case No. 10-37525) that he received an all-cash offer from H. Lee Wilcox of Phoenix Publishing of San Angelo, Texas. Last July, Matthews put the parent company of the Tracy and Scotts Valley newspapers into Chapter 11 bankruptcy organization. The
The Tracy Press filed for Chapter 11 reorganization on June 1 in a move designed to keep the company’s newspapers in Tracy and Scotts Valley operating while management reorganizes its debt. Recently the Tracy Press reduced its printing schedule from two editions to one a week due to declining revenue.
The Tracy Press announced Monday that it is changing its publishing schedule from twice a week (Wednesdays and Saturdays) to once a week (Fridays) due to financial pressures. “We’re just responding to economic realities,” Publisher Bob Matthews said. “We’re not immune to current economic challenges, but we don’t plan on going anywhere.” The family-owned paper said in its announcement that its mission of reporting local news will not change. Last year, the Tracy Press broke the story revealing the killer
Remember the Tracy Press reporter who broke the story on the alleged killer of 8-year-old Sandra Cantu? Jennifer Wadsworth has been featured in the LA Times, appeared on the shows of Larry King, Dr. Phil, Nancy Grace and Geraldo Rivera. It turns out that Wadsworth, 22, only has a high school diploma and is taking night classes at Las Positas College to get her associates degree. Her only experience prior to the Tracy Press was on her community college’s newspaper.
From the LA Times: What was once a packed newsroom is now a sea of empty cubicles. Like the rest of the newspaper industry, the Tracy Press has been struggling. But when an 8-year-old girl went missing at a local mobile home park, the paper went into action. Although the discovery of Sandra Cantu’s remains in a suitcase pulled from an irrigation pond would bring all the major TV networks and several big-city papers to the Central Valley city, it
The Tracy Press reports that its lawsuit seeking the e-mails of a city councilwoman was thrown out by an appeals court because the paper failed to name the councilwoman as a defendant in its action. Said Tracy Press Publisher Bob Matthews: “It’s too bad we lost on a technical issue. It was our mistake, and thus the higher court’s hands were tied … This city is no friend of open government — it simply conflicts too much with their back-room
The locally owned Tracy Press is reducing its printing schedule from three to two editions a week and is laying off an undisclosed number of employees. The layoffs included longtime associate editor Jack Eddy, according to this story by the Bay Area News Group’s Paul Burgarino. “The Press has been in business for almost 110 years, as a weekly and as a daily, and our family doesn’t plan to go away anytime soon. But to keep going, we have to
More than a dozen newspaper companies and press organizations have filed court briefs on behalf of the Tracy Press in its attempt to obtain e-mails written by a Tracy City Council woman to officials with the Lawrence Livermore National Laboratory. While previous cases have established the principle that e-mails written on government accounts are public record, council member Suzanne Tucker wrote the e-mails in question on her personal account using her personal computer. The Tracy Press lost the first round
The 19,000-circulation Tracy Press announced today that it is dropping its Tuesday and Thursday editions and will now print just three days a week — Wednesday, Friday and Sunday. A “to our readers” note from Publisher Bob Matthews and Editor Cheri Matthews said: We don’t take this change lightly. We know some of you would prefer to have the paper delivered to your home every day. But it’s a new world in the newspaper business, and we’re embracing it as