News-Transcript Group, based in Framingham, Massachusetts, USA, was a newspaper publisher eastern Massachusetts, overseeing three daily newspapers and several weekly newspapers before being bought by Fidelity Investments in 1995 and dissolved into Community Newspaper Company the next year. The group was formed in 1986 when Harte-Hanks bought Transcript Newspapers Inc. of Dedham, Massachusetts, merging it with the Middlesex News. Later that year, Harte-Hanks bought Century Newspapers and combined its operations with News-Transcript. In the mid-1990s, as Harte-Hanks divested its newspaper... holdings, the company announced in 1994 that it would sell the 14-newspaper chain to Fidelity Investments. The purchase price was not disclosed, but was estimated at US$30 million to US$40 million. When the sale was complete in 1995, Fidelity made News-Transcript a division of Community Newspaper Company, which became the second-largest circulation publisher in Massachusetts, with 766,000 weekly copies.
more