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Black Press buys Hawaii and Washington newspapers

By WTOP Staff

CATHY BUSSEWITZ
Associated Press

HONOLULU (AP) — The owner of Hawaii’s largest newspaper bought two daily publications on Hawaii’s Big Island and several newspapers in Washington state.

Oahu Publications, which owns the Honolulu Star-Advertiser, said Wednesday it is buying West Hawaii Today and the Hawaii Tribune-Herald from Las Vegas-based Stephens Media.

The Garden Island newspaper on Kauai also is owned by Oahu Publications, which is a subsidiary of Black Press.

The purchase of The Daily World of Aberdeen, Washington, and three weeklies by another Black Press subsidiary closed Wednesday. The Hawaii sale closes Dec. 1.

The chain now owns nearly all the English-language daily newspapers in Hawaii, except for the Maui News. Rick O’Connor, CEO of Black Press, said he’s not involved in any discussions to buy that newspaper.

“I never rule anything out, but right now we’re focusing on taking the two daily newspapers and integrating them with our business,” O’Connor said in an interview.

Black Press plans to continue printing both Hawaii newspapers on the Big Island. There are no planned staffing changes in Hawaii right now, he said.

“It would be really premature to talk about anything like that, because we just announced the transaction, and we have two months to close,” O’Connor said.

The newspapers owned by Black Press have a collective daily circulation of about 300,000 after the sale, O’Connor said.

In Washington, Black Press is considering returning the Aberdeen newspaper to publication five days a week, instead of its current three-day publication schedule, O’Connor said.

“I don’t think cutting back editions of the paper is a way to bring back customers,” O’Connor said. “We found that in Kauai where we went from six days to seven days. Customers were really excited about that.”

Black Press now owns about 45 newspapers in Western Washington, O’Connor said.

Stephens Media and Black Press had co-owned the website Hawaii.com, but Stephens sold its interest in the website as part of the deal. Financial terms were not disclosed.

“While we have appreciated the opportunity to serve these wonderful markets for a number of years, we concluded that they were no longer a strategic fit for Stephens Media,” said Ed Moss, Stephens Media CEO, in a statement.

O’Connor says Hawaii and Washington have been growth areas for the company. Both Hawaii papers will continue as dailies, he said.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Don’t Settle for Student Loans to Pay for Online Education

By WTOP Staff
Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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