Towanda, Shamokin dailies for sale [The Citizens' Voice, Wilkes-Barre, Pa.]
(Citizens' Voice, The (Wilkes-Barre, PA) Via Acquire Media NewsEdge) Aug. 26--Times-Shamrock Communications announced today that it is marketing multiple daily newspapers and alternative weekly publications for sale.
The dailies being marketed for sale including The Towanda Daily Review and Sunday Review, The Shamokin News-Item, The Petersburg (Va.) Progress-Index and The Virgin Islands Daily News. The alternative weeklies for sale include the Baltimore City Paper, Orlando (Fla.) Weekly, San Antonio (Texas) Current, Cleveland (Ohio) Scene and Detroit (Mich.) Metro Times.
"All of these papers have been strong, profitable investments for us for many years," said George Lynett Jr., CEO of Times Shamrock Communications and Publisher of The Citizens' Voice. "We have enjoyed operating in these diverse markets and the decision to sell was difficult. However, as we look to refocus and double-down on our efforts at home in Northeast Pa., it made sense for us to offer these more distant papers for sale to someone who could take them to the next level of growth."
The sale process will be handled by Cribb, Greene and Associates, a leading merger-and-acquisition firm in the U.S. newspaper industry, Lynett said.
Don Farley, regional general manager, joined Lynett and other company leaders at the announcement Monday.
"This is a very positive message for our local market," Farley said. "This is an opportunity for us to grow and invest in Northeastern Pennsylvania."
See a complete story in tomorrow's edition of The Citizens' Voice.
(c)2013 The Citizens' Voice (Wilkes-Barre, Pa.)
Visit The Citizens' Voice (Wilkes-Barre, Pa.) at citizensvoice.com
Distributed by MCT Information Services
[ Back To Technology News's Homepage ]