Wolf River Media completes restructuring

Company is now NEW Media
By: 

Leader Staff

With a renewed focused on community affairs and local journalism, Wolf River Media LLC, the parent organization of The Shawano Leader, Super Shopper and shawanoleader.com, will now operate as NEW Media Inc.

This announcement marks the completion of a capital restructuring, which included Wolf River Media’s exit from the commercial print business and divestiture of its real estate holdings to focus exclusively on its newspaper, shopper and website businesses.

NEW Media Inc. is based in Shawano and located at 1464 E. Green Bay St. on the city’s east side. NEW Media also operates and manages the Wittenberg Enterprise & Birnamwood News, Your Community Shopper and the Oconto County Times Herald, along with their respective websites.

“Wolf River Media has now completed its transition to a publishing-only operation,” said Paul Seveska, president and CEO. “With the consolidation in the print marketplace, our exit from the commercial printing business was an important strategic move. We also divested our real estate holdings since we no longer required the manufacturing, warehousing and bindery space necessary for commercial printing.”

NEW Media will continue to produce locally focused products under the leadership of Greg Mellis, who will serve as president and CEO. Seveska will remain with the company as a managing partner.