A week after a major deal between the New York and New Jersey newspapers to buy the New Jersey Journal News and the NewYork Post, the two newspapers are trying to shore up the future of their struggling publishing business.
In a joint announcement on Tuesday, the New Yorkers said they would buy a majority stake in the NewJersey.com website, which will be renamed Times of NJ and will be operated by the NewYork.com team.
That site is scheduled to launch this week and will provide an alternative source of news and information.
The deal, which comes just two months after the newspaper’s acquisition of the New Yorker, marks the second big investment by a major U.S. publisher in the United States in recent years.
In May, The Times launched a digital-first initiative in which it plans to create an app that will enable readers to access news on their phones.
The app will be free for new and existing subscribers.
The Times of Jersey, which is owned by The New Jersey Company, was launched in 1881 and is based in New Brunswick, New Jersey.
It is the largest newspaper in the state and one of the most popular publications in the country.
The New York-based company is owned and operated by New York state’s two largest newspaper publishers, the Union Pacific Railroad and the Wall Street Journal Company.
The acquisition will add to New Jersey’s growing media presence in the U.K., where The Times recently launched a new digital platform, The Daily Telegraph, in a bid to help newspapers compete with the online world.
The Times has been trying to expand its reach in the UK for years, launching a digital subscription service in 2015 and a mobile app last year.