Publishing: Diversification part of plan
company’s strategic plan to grow Paddock Publications’ business in new and different ways. The growing Town Square business contributes significantly to the company’s revenue and profitability, he said.
“The decision to expand into the nondaily newspaper business nearly 10 years ago has proved to be an excellent one,” Ray said. “Combined with the strength of the Daily Herald brand in print and digitally, events, other specialty products and commercial printing, Paddock continues to be a more diversified company, helping to sustain a brighter future for the company and its employees.”
Ray’s son, Scott Ray, is vice president of Town Square Publications.