Scaife group to buy Gateway, Pennysaver

By the Tribune-Review

Richard M. Scaife, chairman of the newly formed Westminster Holdings, has agreed to acquire the stock of Trinity Holdings, owners of the Pennysaver Publications of Pennsylvania and Gateway Press (also called Star Community Newspapers).

Scaife named Pittsburgh Tribune Review general manager Ralph Martin president and chief operating officer of the WHI.

"This is our first acquisition for WHI and it is one we are excited about," said Martin.

WHI was formed to look for business opportunities in the greater Pittsburgh and western Pennsylvania area that represent tested business models with future growth potential.

Pennysaver Publications publishes the Pennysaver and the Super Pennysaver, with more than 700,000 distribution.

The Sale includes the following PNA member newspapers:

Bridgeville News-Star
Carnegie, The Signal Item-Star
The Coraopolis Record-Star
Cranberry Star
Moon, The Record-Star
Monaca, Beaver Valley Star
Monroeville, Times Express-Star
Murrysville Area Star
North Huntingdon, Norwin Star
Oakmont, Advance Leader-Star
Penn Hills, The Progress-Star
Plum Advance Leader-Star
Ross, North Hills Star
Sewickley Herald-Star
South Hills Record-Star