Halifax Media agrees to purchase Freedom papers in Fla., N.C.
Published: Friday, June 1, 2012 at 5:12 p.m.
Last Modified: Friday, June 1, 2012 at 5:12 p.m.
Halifax Media Group announced Friday that the company has agreed to purchase Freedom Communications properties in Florida and North Carolina.
The transaction is expected to close within 30 days. The terms were not disclosed.
The newspapers involved in the transaction include:
- The Holmes County Times-Advertiser in Bonifay, Fla.;
- The Havelock News, Havelock, N.C.;
- The Daily News, Jacksonville, N.C.;
- The Free Press, Kinston, N.C.;
- The Star in Port St. Joe, Fla.;
- The Walton Sun, Santa Rosa Beach, Fla.;
- The Washington County News, Chipley, Fla.;
- The Crestview News Bulletin, Crestview, Fla.;
- The Destin Log, Destin, Fla.;
- Northwest Florida Daily News, Fort Walton Beach, Fla.;
- The Gaston Gazette, Gastonia, N.C.;
- The Jones Post, Kinston, N.C.;
- The Santa Rosa Press Gazette and the Santa Rosa Free Press, Milton, Fla.;
- The Sun Journal and The Shopper, New Bern, N.C.;
- The News Herald, Panama City, Fla.;
- The Star, Shelby, N.C.; and
- The Topsail Advertiser, Surf City, N.C.
Halifax Media Group, headquartered in Daytona Beach, already has 16 publications in six states, including The Gainesville Sun and Ocala Star-Banner.
“At Halifax Media Group, we believe in the future of newspapers,” Michael Redding, CEO of Halifax Media Group, said in a prepared statement. “The purchase of Freedom's Florida and North Carolina properties further demonstrates our commitment to newspapers, not only for their value as an investment, but for the value they provide to the communities they serve. These properties provide a perfect extension to our recently acquired New York Times Regional Newspaper Group papers and reflect our interest in preserving community journalism for many years to come.”
“At a time when the newspaper industry as a whole faces many challenges, local newspapers like these continue to thrive because they play such a critical role in the lives of their communities,” Freedom CEO Mitch Stern said in the news release.
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