CNHI looking to sell newspaper operations
CNHI is exploring the sale of its newspaper properties in 22 states, the company says.
e announcement came on the heels of the news that Parent company Raycom Media has signed an agreement to be acquired by Atlanta-based Gray Television group.
Montgomery, Alabama-based CNHI has more than 100 papers around the country. Raycom Media, which owns or operates television stations in 65 markets, acquired CNHI nine months ago.
CNHI CEO Donna Barrett said the company has retained the newspaper brokerage rm of Dirks, Van Essen, Murray and April to handle the sale of its newspapers.
“We’re excited to open the next chapter in our commitment to top- ight community journalism,” said Barrett. “We are looking for a transaction or transactions that will carry on CNHI’s rich tradition of public service through award-winning journalism.”