Sale expected to be completed in January
DANVILLE, Ky. (Dec. 18, 2015) — Schurz Communications Inc. has reached an agreement to sell four Kentucky newspapers—The Advocate-Messenger, The Winchester Sun, The Jessamine Journal and The Interior Journal—to a newly formed Kentucky entity, Bluegrass Newsmedia LLC, managed by Boone Newspapers, Inc. (BNI) of Tuscaloosa, Ala., reports Central Kentucky News.
The sale is expected to be completed in January. Bluegrass Newsmedia will publish the newspapers, websites and affiliated publications. Larry Hensley will remain publisher of the four newspapers.
BNI manages newspapers in similar sized communities in Kentucky, Louisiana, North Carolina, Virginia, Georgia, Alabama, Mississippi, Minnesota, Ohio, Tennessee, Texas and Michigan. In Kentucky, BNI acquired The State Journal in Frankfort in October.
Schurz Communications, Inc. (SCI) of South Bend, Ind. began exploration of a sale about two months ago. SCI has owned The Advocate-Messenger since 1978, acquiring the other three at various times since.
In a statement to the employees, SCI President Todd Schurz thanked them for their “hard work, commitment and dedication.” He also praised BNI. “Boone’s philosophy revolves around the word ‘quality,’ and the new owners operate 70 newspapers and shoppers in a dozen states, including Frankfort’s State Journal. … I believe this combination will provide the best opportunity for these companies, communities and staffs to thrive in the future.”
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