by: Michael Wursthorn | The Wall Street Journal

Versa Capital Management’s combination of its four newspaper companies has created a 1,650-person media company on more sound financial footing together than it had apart, said Michael Bush, the newly-named chief executive of Civitas Media LLC.

New York-based Versa said on Wednesday that it was consolidating its media holdings, including Freedom Central, Heartland Publications, Impressions Media, and Ohio Community Media, into one company called Civitas.