Friday, September 27, 2019

Who Owns the Des Moines Register? You'll Be Surprised

Who owns the Des Moines Register?

No, not the Cowles family, who sold the paper to Gannett in 1985.

No, not Gannett, who was bought by GateHouse Media earlier this year.

Even GateHouse Media isn't the true parent.

The actual owner of the Des Moines Register is the SoftBank Group, a Japanese-based conglomerate.

Here's a picture of their CEO, Masayoshi Son, who attended college at Berkeley:


How does SoftBank own the Des Moines Register?

SoftBank Group purchased Fortress Investment Group on February 14, 2017 for $3.3 billion.

The current Prinicpal and co-CEO is Peter Briger Jr, located in San Francisco:


The other co-CEO is Wesley R. Edens:


Fortress Investment Group private equity portfolio includes GateHouse Media.

Michael E Reed is the Chairman/CEO of GateHouse Media:


Kirk Davis is the Chief Operating Officer of GateHouse Media:



I'm still trying to figure out if the Des Moines Register has a publisher and president.  In the past, it was David Chivers, Rick Green, and others, but Chivers left in 2018 and doesn't appear to have been replaced.  Here's Chivers' picture:

And then there's the Executive Editor, Carol "Cunter" Hunter:







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