Report: Elauwit Media fastest growing U.S. newspaper company

Posted by Simon Day on August 28, 2009 at 9:17 AM

Elauwit Media, the publisher of The Sun and Telegram newspapers in Philadelphia, was the fastest growing newspaper publisher in the U.S., according to an Inc. magazine list of the country's fastest growing businesses, The Marlton Telegram reported last week.

The media company sat at 1,577 out of the 5,000 companies listed, 48^th in the Philadelphia region and 20^th in media company ranks. Elauwit was the only newspaper publisher to enter the media company top 20.

Elauwit recorded revenue growth of around 203 percent over the three-year period ending in 2008, with $2.4 million revenue for 2008.

"Our business model is unique to the industry - and so are the results we deliver for our advertisers. We are successful because they are successful," said Dan McDonough Jr., president and publisher, according to the Marlton Telegram.

The company has worked successfully under its Strategically Targeted Online Marketing Program, or STOMP, started earlier this year. The programme seeks to find the maximum return for a businesses online marketing plan.

"We are perfectly positioned to deliver both news and advertising for years to come," McDonough said. "Our Sun and Telegram newspapers have been embraced by the communities they serve. STOMP is the perfect complement to our printed products and allows advertisers to continue to reach their target markets as we begin the gradual transition to electronic delivery of local news."