Friday, March 30, 2007
The Oklahoma Publishing Co. has purchased the ownership interest of Griffin Communications LLC in NewsOK.com, the joint Web site for The Oklahoman and KWTV NEWS 9, officials said Thursday.
Terms of the sale were not released.
As a result of the buyout, the NewsOK.com partnership will dissolve, although the site will continue to represent both organizations while NEWS 9 creates its Web site, scheduled to launch in early 2008.
The two companies have operated NewsOK.com as a joint venture since 2001. “Together, our staffs have built an award-winning Web site that more Oklahomans use than any other media site in the state,” said David Thompson, publisher of The Oklahoman. “But the Internet has become more central to our core businesses, and we realize that each of our strong brands need autonomy.”
David Griffin, president of Griffin Communications, described NewsOK.com as a “great strategic alliance” for both companies for five and a half years.
“But the opportunities online are changing rapidly, and our business models must change accordingly,” Griffin said.
The two companies will continue to collaborate on “total coverage” in The Oklahoman and on NEWS 9, combining efforts on news stories. The companies also will continue to collaborate promotionally.