Showing posts with label Sale. Show all posts
Showing posts with label Sale. Show all posts

Friday, September 16, 2011

Hemet Valley Chronicle Sold and to Remain Open

The Hemet Valley Chronicle has been sold to a Nevada newspaper group and will remain open.  Last week the Century Group had announced it was closing the publication.

Monday, August 22, 2011

Two More Alaskan Newspapers Sold

A few weeks back Calista Corporation announced it was closing all six weekly newspapers in its Alaska Newspaper group.  Calista was able to sell four of the publications before they closed, and last week they announced that they were able to sell the final two, the Seward Phoenix Log and the Tundra Drums, thus allowing all six publications to remain open.

Tuesday, August 9, 2011

Three More Alaska Publications Survive

Calista Corporation has sold three more of its weekly publications that were scheduled to be closed on August 15th.  Jason Evans and Kiana Peacock have purchased the Dutch Harbor Fisherman, Artic Sounder and Bristol Bay Times from Calista, along with The Equipment Shopper and Bush Shopper.

Wednesday, August 3, 2011

Cordova Times Stays Alive

Calista Corp has sold the Cordova Times to Jennifer Gibbins, which will allow the publication to remain open.  The Times had been one of six publications that Calista Corp has announced it was closing on  August 15th.

Monday, August 9, 2010

Ada Herald Sold to Delphos Herald, Inc

The Ada Herald has been sold to the Delphos Herald, Inc as part of the bankruptcy sale surrounding Brown Publishing Co. The sale included three other Brown Publishing publications: Van Wert Times Bulletin, Putnam County Sentinel, and Columbus Grove Vidette.

Tuesday, July 13, 2010

Canwest Media Sold

Postmedia Network Canada Corp has announced that they have completed the purchase of the Canwest publications, in a $1 billion deal.  This makes Postmedia Network the largest publisher of English paid daily newspapers in Canada.  This will include publications such as the Ottawa Citizen, Montreal Gazette and Vancouver Sun.

Postmedia Network has indicated that it is taking a 'digital-first' approach to publishing, per Editor & Publisher.

This concludes the bankrupcty proceedings for Canwest, which began in 2009.

Tuesday, July 6, 2010

Jones Media Acquires Maryville Daily Times

Horvitz Newspapers and Jones Media jointly announced on July 1st, 2010 that Horvitz has sold the Daily Times (Maryville, TN) and its related websites to Jones Media.

Jones Media owns thirteen community newspapers in Tennessee and North Carolina.

Tuesday, May 11, 2010

Godfrey to Acquire Canwest

Canwest Global Communications has approved a sales of its newspaper chain to Paul Godfrey, president of the National Post.  The plan is for the deal to close on July 15th, following bankruptcy court approval on May 15th.  All existing papers in the group are expected to remain in business.

Canwest publishes 12 daily newspapers and 45 community and free papers.  The dailies include the Vancouver Sun, Montreal Gazette, and Ottawa Citizen.

Canwest had applied for reorganization back in January 2010.

Wednesday, March 10, 2010

Freedom Communications Sale of East Valley Tribune Approved

A federal judge has approved the sale of the East Valley Tribune to 1013 Communications LLC (13th Street Media) as part of Freedom Communications bankruptcy. This sale will also include the following Freedom publications: Ahwatukee Foothills News, the Sun City Daily News-Sun, Glendale/Peoria Today, Surprise Today, and the Clipper.

Monday, January 4, 2010

Mesa East Valley Tribune to Keep Publishing

The Mesa East Valley Tribune will continue publishing beyond its 12/31/2009 closing date. This is to facilitate uninterrupted distribution of the paper until the deal with 13th Street Media is completed.

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.

Thursday, July 16, 2009

Cox to sell off several newspapers, Val Pak operations

Cox Enterprises Inc. announced Wednesday it plans to sell several newspapers throughout the chain, as well as its direct mail advertising service, Val Pak, to pay down debt.

The Atlanta Journal-Constitution, the company's largest daily newspaper, is not among the papers to be sold.

The largest newspaper for sale is the Austin (Tex.) American-Stateman and affiliated operations, including its Austin360.com Web site. Other papers slated to be sold by Atlanta-based Cox Enterprises are community publications in North Carolina, Texas and Colorado.

Cox Enterprises also will retain major dailies The Palm Beach Post, Dayton Daily News and publications affiliated with each.

Cox papers, including the AJC and the Palm Beach Post, have gone through series of job buyouts and layoffs over the past several years as profits have fallen. Palm Beach announced it would cut 130 jobs from its 300-member newsroom and the AJC announced a restructuring designed to cut 8 percent of its workforce, or more than 150 jobs through buyouts and other voluntary and involuntary measures.

Thursday, May 28, 2009

Lufkin Daily News and Nacogdoches Daily Sentinel Sold

Cox Enterprises Inc. will sell The Lufkin Daily News and The Daily Sentinel in Nacogdoches, Texas, to Houston-based Southern Newspapers Inc. (source)

Atlanta-based Cox Enterprises did not disclose financial terms, but said the deal should close on May 31.

Cox Enterprises’ other newspapers in Texas and all of Cox’s stand-alone community newspapers in North Carolina and Colorado are still up for sale. Cox Enterprises hired Citigroup and Dirks, Van Essen & Murray to market those papers.

“Cox Enterprises greatly values the contributions that the employees of The Lufkin Daily News and The Daily Sentinel have made to our company,” said Doug Franklin, executive vice president of Cox Newspapers, in a press release. “These local institutions are important to their communities, and we are confident that Southern Newspapers will continue the tradition these newspapers have of providing timely, valuable and trustworthy news and information to their readers.”