Monday, July 20, 2009

Cox Enterprises to Sell North Carolina Newspapers to Cooke Communications, LLC

ATLANTA, July 20 /PRNewswire/ -- Cox Enterprises, Inc. announced today it has reached a definitive agreement to sell three of its North Carolina newspapers - The Daily Reflector (Greenville), Rocky Mount Telegram and The Daily Advance (Elizabeth City) - and ten weekly newspapers in eastern North Carolina to Cooke Communications, LLC, a privately-held family company headed by John Kent Cooke. The transaction is expected to close in the upcoming weeks.

The weekly publications include the Beaufort-Hyde News (Bellhaven), Bertie-Ledger Advance (Windsor), The Chowan Herald (Edenton), Duplin Times (Kenansville), The Enterprise (Williamston), Farmville Enterprise, Perquimans Weekly (Elizabeth City), Standard Laconic (Snow Hill), Times-Leader (Ayden-Grifton) and Weekly Herald (Robersonville).

As announced in 2008, Cox Enterprises continues to market for sale its newspapers in Texas.

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