AIM Media Indiana, LLC has announced the acquisition of the print and digital publishing assets of The Jackson County Banner, the twice weekly newspaper serving Brownstown, Indiana and surrounding Jackson County along with The Budget, a weekly shopper publication serving the same geographic area, from Lincoln Trail Publishing Company, a division of Community Media Group of West Frankfort, Illinois.
Terms of the transaction were not disclosed.
Brownstown is the county seat for Jackson County.
“We recognize the longstanding commitment to this community by Community Media Group and the Perrotto family. They have been dedicated stewards of these publications and we are honored to step into their role as owners to continue and to expand the service and support to Brownstown and all of Jackson County,” said Jeremy L. Halbreich, Chairman & CEO at AIM. “The Perrotto family is admired and deeply respected across our industry and we look forward to continuing in their tradition,” Halbreich added.
Mark J. Perrotto, President and Chief Executive of Community Media Group, said, “We are pleased that The Jackson County Banner will be operated by a quality newspaper publishing organization with an established presence and a major commitment to the region.”
In conjunction with this transaction, the Company is not acquiring the existing office location of The Jackson County Banner. AIM will begin immediately identifying a prospective new location for the newspaper within the Brownstown community.
Lincoln Trail Publishing Company and Community Media Group were represented by Cribb, Greene & Cope in this transaction.
About AIM Media Indiana, LLC
AIM Media Indiana, LLC owns and operates daily newspapers and related web sites in Columbus, Franklin, Greenfield and Seymour, Indiana; weekly newspapers and related web sites in Edinburgh, Nashville, New Palestine and Pendleton, Indiana; a variety of other weekly, monthly and shopper publications and related web sites; digital marketing agency DigitalAIM; and a commercial printing business serving a broad range of clients.
The Company is an affiliate of AIM Media Texas, LLC and both entities are managed by AIM Media Management, LLC of Dallas, Texas.