Times-Jour­nal gets News Pub­lish­ing in $3.05M deal

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Ma­ri­etta, Ga.-based Times-Jour­nal Inc. won a bid to pur­chase News Pub­lish­ing Co. for $3.05 mil­lion in an auc­tion re­viewed by Judge Mary Grace Diehl. The deal in­cludes all of the Ge­or­gia as­sets of News Pub­lish­ing Co. — the daily Rome News-Tri­bune, and week­lies in­clud­ing the Cal­houn Times, Walker County Mes­sen­ger, the Ca­toosa County News and the Polk County Stan­dard Jour­nal.

The pur­chase also in­cludes Chero­kee Pub­lish­ing Co., which pub­lishes the Chero­kee County Her­ald in Cen­tre, Ala., and is a wholly owned sub­sidiary of News Pub­lish­ing.

News Pub­lish­ing filed for Chap­ter 11 re­or­ga­ni­za­tion on Jan. 1, 2013, which pro­tected it from cred­i­tor law­suits. The auc­tion and ap­proval were the fi­nal steps in the process.

The Feb. 1 is­sue of the Rome News-Tri­bune was the first pub­lished by new own­ers.

“If read­ers will be pa­tient with us, I think they’ll like the changes they’ll see,” said Otis Crumby III, pub­lisher of Times-Jour­nal. “Bot­tom line — it’s go­ing to be im­proved lo­cal cov­er­age. That’s re­ally go­ing to be where the fo­cus of our changes are go­ing to be.”

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