By: Press Release | W.B. Grimes & Co.
Queens (NY) January 7, 2013–The weekly Queens Tribune, started by former congressman Gary Ackerman in 1970, and the weekly Long-Islander in Huntington (Suffolk County) started by America’s poet, Walt Whitman in 1838, along with their sister papers, have been acquired by PFH Media Group NY, LLC from Tribco, LLC.
Michael Schenkler, President of Tribco, LLC, who has guided the Tribune since 1978, and acquired and became publisher of the Long-Islander in 2006, made the announcement and said he shall remain with Phoenix Media as will Long-Islander Associate Publisher/Managing Editor Peter Sloggatt and their respective staffs.
Brandy Williams, chairman of Phoenix Financial Holdings, a Washington D.C. holding company which makes significant investments in profitable small and mid-sized companies in partnership with existing management said: “I believe that exciting days are ahead for our new publications, and we look forward to building on their historic, journalistic foundations and growing them in the vital communities which they serve.”
John Szefc of W.B. Grimes & Company represented the seller in the transaction.
In addition to the Queens Tribune and the Long Islander, the acquisition includes: The Record (of Northport, L.I.), the Half Hollow Hills Newspaper and the Press of Southeast Queens; several legal publications; Multi-Media, (an advertising, promotion and printing company) and DineHuntington, (operators of Huntington Restaurant Week).