By: E&P Staff
All Island Media completed the sale of Guinan Publishing Group, publisher of shoppers in Long Island, New York.
Terms of the deal, brokered by W.B. Grimes and Co., were not disclosed.
Guinan publishes The Pennysaver and Town Crier with a weekly distribution of 328,000 to homes in Nassau and Suffolk counties.
Robert Costine, president of Guinan, and his wife Rose will retire after the closing. They have been principals of the company, founded by Matt Guinan in 1961, for 25 years.