Argus-Courier, Press Democrat sold to Halifax Media
Published: Friday, January 6, 2012 at 12:54 p.m.
Last Modified: Friday, January 6, 2012 at 12:54 p.m.
The New York Times Co. on Friday completed a deal to sell The Press Democrat and 15 other regional newspapers to Halifax Media Holdings LLC.
Halifax Media paid $143 million in cash for the Times Regional Media Group, subject to certain adjustments.
The transaction includes the sale of the North Bay Business Journal in Santa Rosa, Petaluma Argus-Courier and 13 newspapers and affiliated websites in the southeast United States.
Founded in 2010, Halifax Media is headquartered in Daytona Beach, Florida. The company's investment group includes Stephens Capital Partners LLC, Jaarsss Media, and Redding Investments.
The New York Times purchased The Press Democrat from the Finley family of Santa Rosa in 1985.
All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.
You'll find a number of new technology features available from this site. With personalized news sent straight to your mobile device.
post your stuff
Petaluma360.com is here for you to post your comments, photos, news and events with the community. Post it now!
Have something to say? Join the conversation!
Upload your photos of community events, holidays, pets, cute kids, breaking news and more, and vote for your favorites!
Submit your area events to encourage others in your community to attend.