Adams Publishing acquires NC group
Minneapolis- based Adams Publishing Group is acquiring a Mount Airy, North Carolina, group of publications and associated websites from Champion Media, effective November 1. Newspapers included in the sale are The Mount Airy News, the Surry Scene, The Tribune (Elkin), The Yadkin Ripple, The Stokes News (King), The Pilot (Pilot Mountain) and the Jefferson Post (West Jefferson). Also included in the transaction is The Carroll News in Hillsville, Virginia.
"We're very excited to welcome the Mount Airy Group and its associates to our family of companies," said APG Chairman Stephen Adams.
Champion Media CEO Scott Champion expressed mixed emotions about his decision to sell the properties. "This is a great group of newspapers and I've thoroughly enjoyed working with them. While the decision to divest was very difficult, it was driven mostly by my belief that they will have a very bright future with APG," Champion said.
Cribb, Greene & Cope represented Adams Publishing Group in this transaction. Terms of the deal were not disclosed.