Quantcast


Last updated: August 26. 2013 6:37PM - 936 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) A northeastern Pennsylvania media company plans to sell nine daily newspapers and alternative weeklies outside its core market in the region, it announced Monday.


Times-Shamrock Communications chief executive George Lynett Jr. said the papers have been "strong, profitable investments," but the head of the Scranton-based conglomerate said the company wants to focus on properties closer to home.


"As we look to refocus and double-down on our efforts at home in northeast Pennsylvania, it made sense for us to offer these more distant papers for sale to someone who could take them to the next level of growth," Lynett said.


The company is seeking buyers for The Towanda Daily Review and Sunday Review and The Shamokin News-Item in Pennsylvania, The Petersburg (Va.) Progress-Index and The Virgin Islands Daily News.


The alternative weeklies for sale include the Baltimore City Paper, Orlando (Fla.) Weekly, San Antonio Current, Cleveland Scene and Detroit Metro Times.


The sale will be handled by Montana newspaper brokerage Cribb, Greene & Associates, the Times-Tribune of Scranton reported (http://bit.ly/19HUaYk ).


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com