New TRT Owner Has Strong Local Roots

July 18, 2014
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Domenic M. DiPiero III is the new owner of The Two River Times.

Domenic M. DiPiero III is the new owner of The Two River Times.

RED BANK – Domenic M. DiPiero III views his purchase of The Two River Times last week as a way to help boost the communities and residents of this area.

“I want this paper to continue to be a source of pride … The thought that it might be bought by someone with an agenda or who didn’t want to see it as a force for good in the community is something I didn’t want to see happen,” said DiPiero, who purchased the newspaper on Friday, July 11, from Michael Gooch.

“I look at this as another thing to help the community,” said the 42-year-old lifelong Two River resident who is known for his heavy involvement in area charities. “What better way to help the community than to be involved with its local paper?

“I believe in newspapers, especially The Two River Times as our local newspaper. I am encouraged by the people who live here that this is something they want.”

DiPiero said his role will be that of a “steward” of The Two River Times, calling former owners Gooch and Geraldo Rivera “good stewards.”

“I want to continue in the same tradition,” said DiPiero, who is president of Newport Capital Group, the national investment advisory firm that he founded in 2004.

“I’m a local resident who cares. This is another step in what, hopefully, will be a lifetime of service to the community. This is something I believe in: You give back to the community. You’ve got to do your part. It sounds corny and old fashioned but you’ve got to do your part.

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The Two River Times, ultimately, is owned by those who live and work here. It only works with the community’s support. This paper is here for us,” he said.

“We are encouraging everyone to subscribe and advertise in this newspaper,” he said.

DiPiero’s roots in the Two River area are long and strong. He grew up in Middletown and graduated from St. James Elementary School in Red Bank and Red Bank Catholic before heading off to Newport, R.I. There he attended Salve Regina University. While at the university, he was instrumental in founding the school’s football team and served as its captain. He graduated cum laude with a degree in business administration and has since been recognized by Salve Regina with its Alumni Achievement Award.

He is the immediate past chairman of the board for Riverview Medical Center Foundation in Red Bank. He successfully co-chaired the foundation’s Capital Campaign and served as treasurer and co-chair of the Major Gifts Committee.

DiPiero also is the immediate past chairman of Meridian Health System’s Foundation Board and served on its Strategic Planning Committee.

He has served as a board member for the Two River Theater, The Count Basie Theatre’s Foundation and as a board and finance committee member for the Two River Film Festival.

Since 2013, DiPiero and his brother, David, have been working with Asbury Park Pop Warner, sponsoring equipment and supplementing individual registration fees for both football players and cheerleaders.

The Monmouth Council, Boy Scouts of America presented DiPiero with its 39th Joshua Huddy Distinguished Citizen Award in 2012.

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As a New Jersey resident and businessman, DiPiero serves on the Board of Directors of University Hospital. In 2012, Gov. Chris Christie nominated him to serve on the board of trustees for the State Police Retirement System.

DiPiero also has been recognized by NJBIZ as one of the state’s Forty Under 40 award winners and was named a finalist as a Corporate Citizen of the Year through the Business of the Year program.

Nationally, DiPiero is a member of the Drexel University Board of Trustees and the President’s Advisory Council at Salve Regina University. He is an advisory board member for the DiLella School of Real Estate at Villanova University and a New York chapter member of YPO (Young Presidents Organization), an international organization of young business leaders.

The Two River Times was founded in 1990 by Claudia Ansorge, who served as its publisher until 1996. Ansorge sold the newspaper to Rivera in 1991. He and his former wife, C.C. Dyer, were co-publishers through 2001 when Rivera became the sole publisher until he sold the paper to Gooch in 2004.


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