3 Alaskan newspapers sold to New York publishing company
Three Alaska newspapers were among those sold on Wednesday to a publications company based in New York.
The Juneau Empire, Peninsula Clarion in Kenai and the weekly Homer News, until now previously owned by Morris Communications, were sold to GateHouse Media along with 8 other newspaper properties.
Those papers include The Florida Times-Union, The St. Augustine Record, The Savannah Morning News, The Augusta Chronicle, The Athens Banner-Herald, Lubbock Avalanche-Journal, Amarillo Globe-News, the Topeka Capital-Journal, and the Log Cabin Democrat.
In the statement made by Morris Communications, which is based in Augusta, Georgia, they say that the sale is "part of the company’s strategic restructuring to focus its business on lifestyle and niche publications, broadband operations, property development and new business."
Morris says the sale is expected to be finalized on Oct. 2 of this year. They did not specify how much the deal would be worth.
GateHouse Media, the soon to be new owners of these 11 newspapers, owns over one hundred other daily papers.