Cox Sells Two Texas Dailies

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By: E&P Staff

Cox Enterprises has unloaded two of its Texas papers to Houston-based Southern Newspapers. Terms of the sale, which include The Lufkin Daily News and The Daily Sentinel in Nacogdoches, were not disclosed.

“These local institutions are important to their communities, and we are confident that Southern Newspapers will continue the tradition these newspapers have of providing timely, valuable and trustworthy news and information to their readers,” Doug Franklin, executive vice president at Cox Newspapers, said in a statement.

Cox put the properties — along with the Austin American-Statesman — on the block in August 2008. Cox is still searching for buyers for its newspapers in Austin, Colorado and North Carolina.

“We look forward to working with the talented employees of both newspapers to further build on these publications’ already strong relationships with their readers,” Lissa Walls Vahldiek, COO of Southern Newspapers, said in a statement.

The transaction is expected to close on May 31.

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