Leesburg, FL, August 28, 2013 – Halifax Media Group
based in Daytona Beach, Florida, and HarborPoint Media have entered into
a letter of intent pursuant to which Halifax would acquire the assets
of HarborPoint, principally the Daily Commercial of Leesburg, Florida,
the News-Sun of Sebring and the South Lake Press of Clermont. The
companies anticipate closing the transaction as of September 30.
“We believe that Halifax is a good home for our employees and
newspapers,” said Russell Denson, a HarborPoint director. “As a larger
newspaper publisher in the Florida market, Halifax brings additional
resources and capabilities to expand and enhance the newspapers’ service
to their readers, advertisers and communities.”
“We are excited about the deal. The Daily Commercial, the largest
newspaper in the group, is located in Leesburg, within an hour of both
the Halifax’s News-Journal in Daytona Beach and the Star-Banner in
Ocala. Plus, the News-Sun operation based in Sebring is near our
Lakeland operation,” said Michael Redding, CEO of Halifax Media Group.
“These Central Florida markets are positioned in the heart of our
Florida footprint. We know the markets and the publications.”
Dirks Van Essen & Murray, a newspaper merger and acquisition firm located in Santa Fe, New Mexico, represented Halifax in the transaction.