Rhode Island Suburban Newspapers acquires Sonora Union Democrat 8/6/19

A federal bankruptcy judge in Oregon has approved the sale of The Union Democrat (Sonora, Calif.) and its downtown building to Rhode Island Suburban Newspapers for $1.15 million.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Western Communications in the transaction.

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EO Media Group to acquire two newspapers in Oregon 8/6/19

A federal bankruptcy judge in Oregon has approved the sale of the Bend (Ore.) Bulletin and Redmond (Ore.) Spokesman to EO Media Group. EO Media also recently acquired two other newspapers from Western Communications: the La Grande (Ore.) Observer and the Baker City (Ore.) Herald.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Western Communications in the transaction.

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Deal activity stays strong 7/16/19

Daily newspapers continued to change hands at a brisk pace in the first half of 2019, largely driven by the sale of family-owned titles.

In total, 32 daily newspapers were sold or agreed to be sold in the first six months of the year, more than the number of dailies involved in transactions during the same period last year.

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Twilight Broadcasting to acquire WEEU license 6/25/19

Reading Eagle Company, which filed for Chapter 11 bankruptcy protection in March, had solicited bids for the WEEU license when it was not included in the sale of the rest of the Reading Eagle Company to MediaNews Group, which is expected to close no later than July 31.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., is representing the Reading Eagle Company in the sale.

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Sale of Reading Eagle approved by court 5/28/19

The sale of the 37,000-circulation Reading (Penn.) Eagle to MediaNews Group has been approved by a U.S. Bankruptcy Court judge in Pennsylvania.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., is representing Reading Eagle Company.

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GateHouse Media to acquire New Jersey Herald 5/21/19

GateHouse Media has agreed to acquire the daily Newton (N.J.) New Jersey Herald from family-owned Quincy Media.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Quincy Media in the transaction. Terms of the transaction were not disclosed.

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Greenville Daily News to be sold 5/14/19

View Newspaper Group and Michigan Web Press, both owned by Rick Burrough, have agreed to acquire the Greenville (Mich.) Daily News and affiliated Stafford Printing from the Stafford family.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented the Stafford family in the transaction. Terms of the transaction were not disclosed.

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Wick Communications acquires the Delta County Independent 5/7/19

The 137-year-old Delta County (Colo.) Independent, which has been published by the Sunderland family for more than 30 years, has been sold to Wick Communications, a third-generation family-owned and operated media corporation, of Sierra Vista, Ariz.

Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented the Sunderland family in the transaction. Terms of the transaction were not disclosed.

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Reading Eagle Company files for bankruptcy 3/25/19

Reading Eagle Company, which includes a daily newspaper in Pennsylvania, the Reading Eagle; WEEU 830 AM; South Schuylkill News; Pretzel City Productions and its commercial printing subsidiary REP, has announced a decision made by the company's Board of Directors to seek bankruptcy protection.

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Year in review: Transaction volume increases for fourth straight year 1/15/19

The number of deals involving daily newspapers continued its upward trajectory in 2018, with 36 separate transactions closed by year end.

It was the largest number of daily newspaper deals since 2000, and the fourth straight year of higher transaction volume.

The two key drivers of this activity were largely unchanged from the prior year: owners of clusters of publications seeking to build larger regional footprints, and the difficulties faced by small operators lacking the scale needed to manage expenses.

Read more from Dirks, Van Essen, Murray & April.

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