[Tolerance Sucks Rocks]

TTC will NOT take up 9000 square miles. It will take up nearly 1000.

[Tolerance Sucks Rocks]

Trans-Texas Corridor PING!

[NonValueAdded]

Let them try to buy the Internet. A tactic that might have worked in the past can only be stopped by the likes of McCain-Feingold now!

[UpAllNight]

--TTC will NOT take up 9000 square miles. It will take up nearly 1000.--

The article did not say it would take up 9000 square miles. It said it would involve the purchase of 9000 square miles. They have to buy up right of ways and interchanges. Later they will sell the interchanges to hotels and McDonalds.

[TXnMA]

TTC will NOT take up 9000 square miles. It will take up nearly 1000.

Thanks for the ping -- and for keeeping things on a factual basis!

[RobRoy]

So, can they buy all the blogs too?

[ridesthemiles]

Even at your figures, 1000 sq miles== 640,000 acres. This is NOT a small amount of space, and it is a direct affront to the people who live near the present highways.
Who is going to pay to relocate all these people?????

[narby]

Australian toll road giant Macquarie agreed Wednesday to purchase forty local newspapers

They sure must expect to suck a lot of money from those ignorant Texicans that let them build that thing.

And the purchase price of old media newspapers is going down fast in the face of internet competition, so they won't be getting their money back.

[deport]

Wednesday, January 24, 2007

Dallas-based American Consolidated Media acquired by Australian firm

By Pegasus News wire

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Jeremy Halbreich

DALLAS — Macquarie Media Group (MMG) announced today that it has entered into an agreement to acquire 100% of American Consolidated Media, Inc. and 100% of Valley Newspaper Holdings, LP (collectively, ACM), a Dallas-based publisher of 40 local newspapers which serve nine regional communities in Texas and Oklahoma. The acquisition has an Enterprise value of $80 million (US) and is subject to regulatory approval and other customary closing conditions.

MMG Managing Director Alex Harvey said "ACM is a very attractive investment for MMG as it meets our key investment criteria. It provides essential local news and information to the communities in which it operates, some of which are among the fastest growing regions of the US, has strong positions and long established histories in those communities and generates stable cash flows from a large diverse base of local advertisers."

Of ACM's 40 local publications, five are daily newspapers, 19 are weeklies and 16 are "shopper" publications and associated websites.

"ACM founder and Chief Executive Officer Jeremy Halbreich has over thirty years experience managing newspaper businesses, including 12 years as president and/or general manager of the Dallas Morning News," Harvey said.

"The entire ACM management team eagerly looks forward to our new affiliation with MMG as we execute continued growth and expansion of our local community newspaper platform," Jeremy Halbreich said.

One of ACM's clusters of papers is just south of the Dallas / Fort Worth Area. ACM is the company that launched the free tabloid AM Journal Express in 2003.

Source: MMG / staff reports

---

[RushingWater]

Anybody know who this Macquarie is? Looks like his name gets around down under - way down under.

[Publius6961]

Toll Road Giant Buys Newspapers to Silence Critics

Help me out here...
How does buying a newspaper "silence" critics?

Critics aren't allowed to buy or create newspapers?
Maybe crtics feel (wrongly) Constitutionally empowered with the "right" to disseminate their rantings for free?

Either way, I don't buy the headline.

[hedgetrimmer]

Yes, we can keep a free country when a foreign country corporation buys up all our media then prohibits citizens from expressing any opinions through it. /sarc

The beauty of "free trade" is fully expressed here. Loss of sovereignty, loss of control by citizens of their own country.