Foster Family Sells ?Laconia Citizen? to ?Eagle-Times? Parent

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By: E&P Staff

The Laconia (N.H.) Citizen and its related Website have been sold to Sample News Group’s Eagle Printing & Publishing, Patrice D. Foster, president and publisher of George J. Foster Co. Inc., announced Tuesday.

Terms of the sale were not disclosed.

Dirks, Van Essen & Murray, a newspaper merger-and-acquisition firm in Santa Fe, New Mexico, represented the Foster family in the transaction.

The Foster family acquired the Laconia Citizen in 1991 from the family that had founded it in 1925. They will continue to own and operate Foster’s Daily Democrat in Dover, N.H.

 “We’ve considered it a privilege providing local news to Lakes Region residents and would like to think we have had a positive influence on the communities we have served,” Patrice Foster said. “But now is the time to focus our energies and resources on our 138-year-old family paper, Foster’s Daily Democrat in the Seacoast area as well as, several weeklies, Best Read Guide, and Eastern Marketing Services.

Eagle Publishing publishes the Eagle-Times in Claremont, N.H., is owned principally by George “Scoop” Sample, whose  companies publish daily and weekly newspapers in Maine, New Hampshire, New Jersey, New York, Pennsylvania and Vermont.

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