by: Press Release | Dirks, Van Essen & Murray
Community Publisher, Inc., (“CPI”) of Bentonville, Arkansas announced today that it has sold its six weekly Tulsa area community newspapers and the daily Tulsa Business and Legal News to BH Media Group.
Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, New Mexico represented CPI in the sale. Terms of the same were not disclosed
The Oklahoma publications, together with their website www.neighbornews.com, are the leading provider of local news and information for the communities surrounding metro Tulsa and its business community. Together, the Broken Arrow Ledger, Sand Springs Leader, Coweta American, Wagoner Tribune, Owasso Reporter and Skiatook Journal reach more than 30,000 households each week.
“Community Publishers is proud of its long and successful association with these Tulsa area community newspapers. And pleased that they will continue to serve the readers and advertisers in their respective markets under such an outstanding media organization as BH Media,” Steve Trolinger, CPI CEO said.
“We’re delighted to have the Oklahoma weeklies, along with the daily Tulsa Business and Legal Review, join our growing family of newspapers,” said Terry Kroeger, CEO of BH Media Group. “We look forward to the opportunity to continue the tradition of community-minded journalism that the Community Publishers team has demonstrated during their ownership. We also want to welcome the employees to our Company and are looking forward to working with them.”
BH Media Group, headquartered in Omaha, is a wholly owned subsidiary of Berkshire Hathaway Company (NYSE: BRK.A and BRK.B). BH Media Group owns 30 daily newspapers and related weekly newspapers in Nebraska, Iowa, Texas, Oklahoma, Virginia, North Carolina, South Carolina, Alabama, Florida and New Jersey.