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As a result, CMG will acquire EO’s assets, including their flagship newspapers the East Oregonian and The Astorian, as well as The Bend Bulletin, the La Grande Observer, the Baker City Herald and others.
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Founded in 1908 as East Oregonian Publishing Company, EO has been owned by four generations of the Aldrich and Forrester families.
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EO Media Group confirmed their acquisition by Mississippi-based CMG in a press release Wednesday afternoon. This comes after Pamplin Media, Oregon’s largest newspaper group, also sold to CMG back in June.
The company even went through a semi-recent expansion, acquiring the Bend Bulletin and Redmond Spokesman in 2019, as well as launching the Rogue Valley Times after the 2023 closure of the Medford Mail Tribune.
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“We plan to build on the foundations put down by the Forrester family as we continue to innovate and work to support true professional journalism for each community served,” he said. “We know our readers depend on us for timely reporting of facts so they can be informed and contribute to improvement of the places they live. We pledge to work hard to meet that obligation as we simultaneously work to serve small and medium-size business with marketing programs that strengthen the business, the community and thus the newspaper. We are all in it together and have a vested interest in strengthening the institutions that make us a community, beginning with its newspaper.”
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PORTLAND, Ore. (KOIN) — A local family-owned media company, whose portfolio includes over two dozen newspapers and magazines, is now being acquired by Carpenter Media Group (CMG).
“The roots of my sentiment stretch back to the 1950s, when I first entered the old East Oregonian building in Pendleton,” said Stephen Forrester, President and CEO of EO Media Group. “My father’s office had once been my grandfather’s, Edwin Burton Aldrich. Over decades, our family has worked to build lasting connections with the communities we serve, especially in places like Pendleton and Astoria.”
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