NE Pa. media chain Times-Shamrock to sell 9 papersAugust 26, 2013 @ 3:17 pm
SCRANTON, Pa. (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).
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Pike Place Market unveils plans for a dramatic $65 million makeover
Pension No More
Boeing announces it's ending pension plans for 68,000 non-union employees
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.