Champion to Sell Herald-Dispatch for $10 Million

By: Jim Ross | The State Journal

Champion Industries of Huntington has reached an agreement to sell the city’s daily newspaper to a son of the company’s CEO for about 13 percent of what Champion paid for it six years ago.

And other assets of the company may be ready for sale, too.

According to a document filed with the Securities and Exchange Commission late last week, Champion entered into a letter of intent on June 18 “to sell substantially all of the assets of its operating division known as The Herald-Dispatch, composing the newspaper segment” to Douglas Reynolds.

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