By: E&P Staff
The family of former Vice President Dan Quayle has put the newspaper it owns on the block.
Derrick Gingery, a reporter with the Greater Ft. Wayne (Ind.) Business Weekly, reported on Sunday that The Herald-Press in Huntington, Indiana is seeking a buyer.
The daily paper with a circulation of about 7,200 had contacted a mergers and acquisitions firm about a possible deal. Joe Ruffolo, a partner with business consulting firm Ruffolo Benson told Gingery that representatives with the Herald-Press contacted his firm but they were not interested.
The parent company of Business Weekly, KPC Media Group, was interested in the paper but was outbid, Banks Dishmon, vice president of KPC, told E&P.
McClatchy’s sale of the former Knight Ridder paper The News-Sentinel in Ft. Wayne to Ogden Newspapers for $92.6 million could have prompted the Quayle family to put the paper up for sale.
Herald-Press Vice President Steve Kimmel told Business Weekly he was not aware of any buyers.
Dan Quayle once served as associate publisher of the Herald-Press.