By: E&P Staff
Liberty Group Publishing Inc. announced Monday that its merger with an affiliate of Fortress Investment Group LLC has been completed.
Liberty, which operates 274 publications in 15 states, was acquired by Fortress, which manages about $6.9 billion of capital for institutional and individual investors.
Dirks, Van Essen & Murray, a newspaper merger and acquisition firm based in Santa Fe, N.M., acted as an adviser to Liberty in the transation.
A majority Liberty’s paid daily papers are more than 100 years old. All together, Liberty’s holdings reach about 2.1 million people each week, according to a statement.