FREDERICKSBURG, Va. and FAIRPORT, N.Y., April 16 /PRNewswire-FirstCall/ -- Zope Corporation and GateHouse Media, Inc. announced today that GateHouse Media has successfully launched 170 of its weekly newspapers and 4 daily newspapers on the hosted Zope4Media platform. GateHouse Media plans to roll out the Zope4Media content management system to all of its Internet publications by early 2008.
"Building our online business is a top priority for GateHouse Media, both in terms of revenue and audience," said Mike Reed, CEO of GateHouse Media. "Our goal with implementing the Zope system is to improve our online revenues whether through testing new revenue projects in selected markets or by launching a proven idea quickly across our entire company."
"The Zope4Media platform has allowed GateHouse to focus on training journalists at weekly papers to publish daily content on the web, while not distracting them with the technology," said Bill Blevins, Vice President of Internet Operations. "As we bring our daily papers online using Zope4Media, sites already on the platform will benefit from the new features required by the larger sites. Our smallest newspaper will have the same tools to help grow their online audience and revenue as our largest newspaper. This technology is powerful and very flexible and Zope is clearly a leader in this field."
"We are delighted that GateHouse selected Zope4Media as the platform for their Internet technology consolidation," said Rob Page, CEO of Zope Corporation. "Together we're building innovative products and processes which enhance our offerings. This is having substantial impact at newspapers as more customers go online with Zope."
About Zope
Zope(R) Corporation is the leading provider of revenue-generating, turnkey, hosted Internet solutions for publishers, media groups, powering over 400 major media properties including daily/weekly newspapers and television stations. Zope provides well-integrated, easy-to-use solutions for content management, classifieds, ad serving management, blogging, video and federated search. (http://www.zope.com/ )
About GateHouse Media, Inc.
GateHouse Media, Inc., headquartered in Fairport, New York, is one of the largest publishers of locally based print and online media in the United States as measured by its 84 daily publications. GateHouse Media currently serves local audiences of more than 9 million per week across 19 states through hundreds of community publications and local websites. GateHouse Media is traded on the New York Stock Exchange under the symbol "GHS." (http://www.gatehousemedia.com/ )
Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to various risks and uncertainties, including without limitation, statements relating to GateHouse Media's growth and potential and ability to successfully achieve its roll-out plans and project goals. Forward-looking statements are generally identifiable by use of forward- looking terminology such as "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "would," "project," "predict," "continue" or other similar words or expressions. Forward looking statements are based on certain assumptions or estimates, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. GateHouse Media's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Although we believe that the expectations reflected in such forward looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Factors which could have a material adverse effect on GateHouse Media's operations and future prospects or which could cause events or circumstances to differ from the forward- looking statements include, but are not limited to, GateHouse Media's limited operating history on a combined basis, GateHouse Media's ability to generate sufficient cash flow to cover required interest, long-term obligations and dividends, the effect of GateHouse Media's indebtedness and long-term obligations on GateHouse Media's liquidity, GateHouse Media's ability to effectively manage GateHouse Media's growth, unforeseen costs associated with the acquisition of new properties, GateHouse Media's ability to find suitably priced acquisitions, GateHouse Media's ability to integrate acquired assets and businesses, any increases in the price or reduction in the availability of newsprint, seasonal and other fluctuations affecting GateHouse Media's revenues and operating results, any declines in circulation, GateHouse Media's ability to obtain additional capital on terms acceptable to us, GateHouse Media's vulnerability to economic downturns, regulatory changes or acts of nature in certain geographic areas, increases in competition for skilled personnel, departure of GateHouse Media's key officers, increases in market interest rates, the cost and difficulty of complying with increasing and evolving regulation, and other risks detailed from time to time in GateHouse Media's SEC reports, including but not limited to its Annual Report on Form 10-K filed with the SEC on March 13, 2007 under Commission File Number 001- 33091. When considering forward- looking statements, you should keep in mind the risk factors and other cautionary statements in such SEC filings. Readers are cautioned not to place undue reliance on any of these forward-looking statements, which reflect GateHouse Media management's views as of the date of this press release and/or the associated earnings conference call. The factors discussed above and the other factors noted in GateHouse Media's SEC filings could cause GateHouse Media's actual results to differ significantly from those contained in any forward-looking statement. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements and we expressly disclaim any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in GateHouse Media's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
