By: Joe Strupp
Community Newspaper Holdings, Inc. and Triple Crown Media, Inc. are swapping newspapers, according to a joint statement released Friday.
The deal, details of which were not announced, has CNHI of Brimingham, Ala. handing over ownership of The Clayton Daily News of Jonesboro, Ga.; The Henry Herald of McDonough, Ga.; and the Progress-Argus, a weekly in Jackson, Ga.
Triple Crown Media, based in Lexington, Ky., will in turn give up the Goshen (Ind.) News.
“While we have enjoyed our opportunity to compete in the suburban Atlanta market, we think the Goshen News is a better fit for our company’s overall strategic direction,” Donna Barrett, president and CEO of CNHI, said in a statement. “We look forward to becoming part of the Goshen community and are confident Triple Crown Media will be quite successful with these acquisitions.”
Tom Stultz, president and CEO of Triple Crown Media, added that, “It is difficult to let go of a great newspaper like The Goshen News that has been so successful for us under the management of Publisher John Reynolds. At the same time, we are delighted to add three newspapers to our growing Georgia newspaper operations.”
CNHI operates 90 daily newspapers and approximately 210 non-daily publications in more than 200 communities nationwide. With the swap, Triple Crown Media will own and operate six daily newspapers and one weekly.