09 Mar 2012
- Written by Tri-State Defender Newsroom
Real Times Media, the Detroit, Mich.-based multimedia company that owns The New Tri-State Defender, has entered into a strategic alliance with the Atlanta Daily World newspaper in Atlanta, Ga.
DETROIT – Real Times Media (RTM), the Detroit, Mich.-based multimedia company that owns The New Tri-State Defender, has entered into a strategic alliance with the Atlanta Daily World (ADW) newspaper in Atlanta, Ga.
Under the terms of the agreement, RTM will assume full operational responsibility for the 84-year old African-American publication this month.
“The Atlanta Daily World is one of the most storied and legendary newspaper franchises in America and Atlanta is one of the most important markets in the country,” said Hiram E. Jackson, chief executive officer, Real Times Media.
“We believe that building a strong multi-media presence in Atlanta is key to the continued growth of our company,” Jackson said.
Concurrent with the new strategic alliance, a partnership headed by a number of Real Times Media owners, including William F. Pickard and Jackson, acquired 100 percent of the ownership of the Atlanta Daily World.
Founded in 1928 by William A. Scott II, the Atlanta Daily World is Atlanta’s oldest African-American-owned newspaper.
“The Scott family is very pleased with the marriage of the Atlanta Daily World and the Real Times family,” said William A. Scott IV.
M. Alexis Scott, who will continue as publisher, said, “This is truly a new beginning for the paper. The resources that are now available will enable us to diversify into a multi-media platform.”
In becoming part of RTM, the Atlanta Daily World five other historic African American newspapers including the Chicago Defender, the Michigan Chronicle, The Michigan FrontPage, the New Pittsburgh Courier, and The New Tri-State Defender in Memphis.
In addition to its newspaper holdings, Real Times Media is parent company to Who’s Who Publishing Company, the leading provider of content celebrating professional achievement in the African-American and Latino markets; and RTM Digital Studios, an archival image licensing company dedicated to artifacts from the past 100 years of the African-American experience.
“The Real Times approach is more than the printed word – our newspapers are continually evolving and remain focused on a 360 degree integration of print, digital opportunities and engagement marketing,” said Jackson. “That’s why we expect the Atlanta Daily World and our other brands to continue to buck industry trends and continue to grow.”