What was announced last week as the sale of Community Newspaper Holdings Inc. to the Retirement Systems of Alabama was really an acquisition of the small percentage RSA didn't already own, according to RSA CEO David Bronner.
"We already owned 87 percent of it," Bronner said.
RSA is made up of several state employee pension funds. Its holdings include golf courses, office towers and, until now, Raycom Media, of which CNHI was a part. But Raycom was sold to Gray Media, while CNHI will remain based in Montgomery with RSA.MORE
America's Newspapers – the association formed from the merger of the Inland Press Association and Southern Newspaper Publishers Association – was ceremonially launched October 6 at its inaugural annual meeting in Chicago.
Dean Ridings will be its chief executive officer, effective Nov. 11.
America's Newspapers unites two of the oldest press associations to form one of the industry's largest advocates for newspapers and the many benefits to their communities, civil life, freedom of expression and democracy.
"Newspaper journalism provides a voice for the voiceless, challenges elected officials, shines a light on government, calls for change when change is needed, and exposes corruption and injustice," said Chris Reen, the president and publisher of The Gazette in Colorado Springs who will serve as the first president of America's Newspapers.More
A new association formed by the consolidation of SNPA and the Inland Press Association was officially launched today. The name of the new association will be announced on Oct. 6 at the association's first annual meeting in Chicago.
Edward VanHorn, SNPA's executive director, said that the merger unites two of the country's oldest press associations into a progressive new organization that will use its bigger and more powerful voice to be an unapologetic advocate for newspapers.More