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.