Adams Publishing Group announced today that it has purchased the assets of Cooke Communications, LLC, based in Greenville, N.C., and in Key West, Fla., including its print publications, websites and commercial printing operations.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Cooke Communications, LLC in the transaction. The transaction closed Friday, Aug. 31. Terms were not disclosed.
Cooke Communications newspapers included in the sale are The Daily Reflector (Greenville, N.C.), The Rocky Mount Telegram (Rocky Mount, N.C.), The Daily Advance (Elizabeth City, N.C.), The Key West Citizen (Key West, Fla.) and several non-daily newspapers and websites.
Two Oceans Digital, KeyWest.Com and FloridaKeys.com will remain in Cooke Communications Florida.MORE
Mark Wilson, publisher of the Rocky Mount Telegram and The Tarboro Weekly will retire at the end of February. He will be succeeded by Kyle Stephens, who is currently group publisher of Cooke Communications North Carolina's Southern Group of non-daily newspapers.
In addition, Tim Holt has been promoted to chief operating officer of Cooke Communications North Carolina. He will report directly to John Kent Cooke, Jr., who continues as president of the company.MORE
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The Tuscaloosa (Ala.) News has promoted Bobby Rice to general manager. Rice, 50, joined The News in July as advertising director and will continue in that role. As general manager, however, he will be involved in all of the newspaper's operations.More