Garden State Newspapers, Inc. - X.GSN- Profile

Garden State Newspapers, Inc. merged with its parent company MediaNews Group Inc., in September 1999,. As a result, financial statements are now being filed under the MediaNews Group, Inc. name as successor issuer to Garden State Newspapers, Inc. The company owns and operates market dominant daily and weekly suburban newspapers. The principal sources of revenues of the company are print advertising and circulation sales. The company also derives revenues from commercial printing and electronic advertising. Garden State currently owns and operates 40 market dominant daily and 95 non-daily newspapers in nine states in the United States. The company through its wholly owned subsidiary, West Coast MediaNews LLC, formed the California Newspaper Partnership with Donrey Newspapers LLC and the Sun Company of San Bernardino California. The California Newspapers Partnership purchased a shopper in Ukiah, california and a weekly newspaper in Milpitas, california. The company acquired Deming Headlight, and assets of six weekly newspapers and three monthly publications and the stock of Northern Television, Inc. in fiscal 2000. Print advertising accounted for 81% of fiscal 2000 revenues; circulation sales, 16% and other, 3%.