By: E&P Staff
Bellevue, Ohio-based Gazette Publishing said Friday it has sold its newspaper and printing assets to Brown Publishing Co., owner of 18 southern and central Ohio dailies.
In addition to it lone daily, the Bellevue Gazette, the deal sends eight weeklies, three shoppers, and a twice-monthly to Brown. The papers have a combined circulation of abut 17,500.
No terms of the transaction were disclosed. Dirks, Van Essen & Murray, the Santa Fe, N.M.-based newspaper merger-and-acquisition firm, represented Gazette Publishing in the transaction.
“We are grateful to our subscribers, advertisers and especially to our past and present employees who for over 100 years have provided a quality product and served their communities well,” the current owners, who are sons of the late Paul Callaghan, former publisher and owner, said in a statement. Gazette had operated as an independent family-owned business for more than 130 years.
Cincinnati-based Brown Publishing Company, founded in 1920, publishes 27 weeklies, 15 total market coverage (TMC) products, and 11 TMC shoppers in addition to its dailies.