EWTN Acquires National Catholic Register

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Sheeniac

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I just rec’d this announcement via email… I think it’s wonderful!

Irondale, AL (EWTN) – EWTN Global Catholic Network has signed a letter of intent to acquire the National Catholic Register, the nation’s leading Catholic newspaper.

“I am very pleased and excited that the Register will now be a part of the EWTN family,” said Michael P. Warsaw, the Network’s president and chief executive officer. “All of us at EWTN have great respect for the Register and the role it has played throughout its history. It’s a tremendous legacy that deserves to not only be preserved, but also to grow and to flourish.”

“I believe that EWTN will be able to provide the stability that the Register needs at this time as well as to give it a platform for its growth in the years ahead. We’re proud to be able to step in and carry on both the Register’s name and its tradition of faithful Catholic reporting on the issues of the day,” noted Warsaw.

Under the terms of the transaction, no cash will be exchanged between the parties. EWTN will take over the ongoing operational expenses of the Register and will assume the paper’s future subscription liabilities.

The acquisition of the Register is the latest in EWTN’s efforts to expand its news presence in the global Catholic digital and multimedia market. At the start of 2010, EWTN entered into a partnership with the Catholic News Agency (CNA), a Denver-based independent Catholic news media outlet with bureaus in North and South America and Europe. Under that agreement, EWTN and CNA are sharing news resources and have created a joint news service found at www.ewtnnews.com. That arrangement was recently expanded to include a new original Spanish-language news service, EWTN Noticias, (www.ewtnnoticias.com) launched in January 2011.

EWTN Global Catholic Network provides multimedia services to more than 140 countries and territories. The Network transmits nine separate television channels in several languages to audiences around the world. It also operates multiple radio services including a network of hundreds of AM and FM stations, a Sirius satellite radio channel, and a global shortwave radio service. EWTN’s main website, www.ewtn.com, draws more than 20 million unique visitors annually.

The National Catholic Register (www.ncregister.com) grew out of Denver’s Catholic Register, which began on Aug. 11, 1905. Under the leadership of Msgr. Matthew Smith, the Register System of Newspapers was developed, with the first national edition appearing on Nov. 8, 1927. It was acquired by the Legion of Christ in 1995. To find out more about the Register, go to: ncregister.com/info/about_the_register
 
Sheeniac said:
“I believe that EWTN will be able to provide the stability that the Register needs at this time as well as to give it a platform for its growth in the years ahead.
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I am not familiar with the financial condition of the National Catholic Register. However, I think we are all aware of the economic pressures that print journalism have been suffering from. If EWTN can help the survival of NCR without its diminishment, then the acquisition will be a good thing.
 
Hmm, strikes me as funny: do moderately healthy athletes go out of their way to acquire tumors?. :rolleyes:
 
Dale_M said:
I am not familiar with the financial condition of the National Catholic Register. However, I think we are all aware of the economic pressures that print journalism have been suffering from. If EWTN can help the survival of NCR without its diminishment, then the acquisition will be a good thing.
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I think the NCR could afford a little ‘diminishing’, especially regarding some of the Register’s personalities.
 
Great news, though when my print subscription expires, I plan to go w/ the Kindle version! 👍
 
This is good news. I hope and pray that this acquisition is successful. 🙂
 
Here are a couple news links about the purchase:

The newspaper had been owned by the Legionaries of Christ, whose purchase of the newspaper in 1995 restored the NCR to vigor. However, the LC have been having problems of their own recently, and trying to minimize expenses.
The Register’s previous owners, the religious order the Legionaries of Christ, ran into financial difficulties at the paper during 2009 and 2010, alongside other troubles caused by the revelation that their founder, Fr. Marcel Maciel, lived a double life.
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In the midst of these problems, EWTN sought to keep the long-running publication from disappearing.
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“It was quite apparent to me that the loss of the National Catholic Register would be a sad development for the Church,” Warsaw said. “As an apostolate that is focused on using the media to evangelize, we immediately saw how the Register could fit into what we do, and become another extension of our mission.”
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catholicnewsagency.com/news/ewtn-announces-plans-to-acquire-national-catholic-register/

For some additional information and history:
ncregister.com/daily-news/national-catholic-register-acquired-by-ewtn/
 
“…nation’s leading catholic newspaper”

Is that correct? Are they larger than the, umm, “progressive” NCR (reporter)?
 
manualman said:
“…nation’s leading catholic newspaper”

Is that correct? Are they larger than the, umm, “progressive” NCR (reporter)?
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Despite having “Catholic” in the title, I think it’s fair to say there’s nothing Catholic about the Reporter.

The Register is great! I’m glad to see the paper will be in good hands with EWTN.
 
I recently started a subscription on my Kindle. It is wonderful to get updates on accurate church news throughout the day.:)👍😃
 
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