Newspaper owner announces Alaska acquisitions

JUNEAU, Alaska — David Black, chairman and owner of Black Press, LTD of Victoria, B.C., announced Wednesday that Black Press has agreed to acquire the daily newspapers in Juneau and Kenai, Alaska, from New Media Investment Group.

Simultaneously, Black announced that his company has agreed to the sale of the Akron (Ohio) Beacon Journal to New Media Investment Group. No terms of the transactions were announced.

Rick O’Connor, president and CEO of Black Press said, “We have provided stewardship of the Beacon Journal for the past 11 years and are extremely proud of the quality of journalism and the role the newspaper plays in the community. However, the Beacon Journal is geographically located too far from our other publications for us to provide the kind of leadership the paper needs and community deserves.

“We think the Beacon Journal is a perfect fit for New Media’s growing cluster of North Central Ohio publications,” he continued. “We are also very excited to acquire the Alaska publications which will complement our publishing groups in Washington state and British Columbia.”

Black Press publishes 100 community publications in British Columbia and Alberta and 63 daily and community publications in Washington, California and Hawaii.

Dirks, Van Essen & Murray, a media merger and acquisition firm based in Santa Fe, N.M., represented Black Press LTD in the transactions.

Black Press is the parent company of Sound Publishing, which owns the Peninsula Daily News, Sequim Gazette and Forks Forum.

“New Media is very excited to add the Akron Beacon Journal and its associated publications to our portfolio of local media assets on North Central Ohio,” Michael E. Reed, New Media president and CEO, said in a written statement.

“The Beacon Journal has been known for its strong and trusted journalism dating back to when James Knight owned the newspaper.

New Media publishes 145 daily publications and hundreds of community publications.

More in News

Report: Washington unemployment rate lowest in 42 years

A recent report shows Washington’s unemployment rate… Continue reading

Park entrance free on Saturday

Day-use entrance fees will be waived Saturday at state parks and Olympic… Continue reading

Port Angeles to study housing needs

The Port Angeles City Council has hired a La… Continue reading

State Patrol to focus on distracted driving this weekend

State Patrol troopers will conduct a statewide emphasis on distracted… Continue reading

Paraeducators seek higher wages from Port Angeles School District

Members of the Port Angeles Paraeducator Association rallied outside… Continue reading

Walk Run Hope honors organizers’ parents

Walk Run Hope 2018 on Saturday will raise funds for… Continue reading

Regenerative ranching topic of lecture

Doniga Markegard, owner of Markegard Family Grass-Fed, will present a… Continue reading

NEWS BRIEFS: Fall programs set for QUUF … and other items

Quimper Unitarian Universalist Fellowship has announced its fall 2018… Continue reading

Most Read