Tony Baker announced today that his family has entered into a definitive agreement to sell substantially all of the assets of RG Media Company to GateHouse Media, a subsidiary of New Media Investment Group Inc. RG Media Company publishes the 46,000-circulation Eugene (OR) Register-Guard.
Dirks, Van Essen & Murray, a media merger and acquisition firm based in Santa Fe, New Mexico, is representing RG Media Company in the transaction. Terms of the transaction were not disclosed.
The Guard was founded in 1867 by J.B. Alexander. It went through several owners before it was acquired by Alton F. Baker in 1927. Three years later, Baker bought the competing Register and merged the two newspapers into the Eugene Register-Guard. The Register-Guard is a frequent award winner from the Oregon Newspaper Publishers Association and was a Pulitzer Prize finalist in 1998.