By: Press Release | Rickenbacher Media
The DeWitt Era-Enterprise, which has served the town of DeWitt, Arkansas for 130 years, has been sold by C.F. Scott and Christina Verderosa to an investment company from Illinois.
Purchasers of the newspaper were Kingsbury Partners and Amagansett Investments. Managing the business going forward will be Valenya Franks of Humphrey, AR and DeWitt residents and current employees Dawn Deane and Haley Watkins.
The Era-Enterprise has been a consistent winner in Arkansas Press Association editorial competitions in recent years.
The newspaper’s paid circulation is more than 2,700, which is a strong penetration of the market it serves.
This transaction represents the first newspaper acquisition in Arkansas for the purchasers. They own newspapers in Missouri, Illinois and Michigan.
Primary areas for growth of the business under the new ownership is expected to be in Internet operations.
Rickenbacher Media represented the sellers, and also represented the previous owners when Scott and Verderosa purchased the business 16 years ago.