Towanda Printing Company (TPC) has announced that it has reached an agreement to sell the company to Sample Media Group.
George Lynett, Jr., CEO of Times-Shamrock Communications, the parent company of TPC, made the announcement along with George “Scoop” sample, President of the Sample Media Group . An asset purchase agreement between the two companies was executed yesterday, and the sale is expected to be completed by Oct. 1, 2015.
Towanda Printing Company is made up of three newspaper clusters that include daily, weekly and monthly publications that serve a five county area centered in Northeast Pennsylvania and South Central New York. Those publications include The Daily Review, the Bradford Sullivan Pennysaver, and the Farmer’s Friend, all in Towanda, Pa.; the Northeast Driller, Sayre, Pa.; the Troy Pennysaver, Troy, Pa.; the Susquehanna County Independent and Weekender in Montrose, Pa.; The News Item in Shamokin, Pa.; the Citizens Standard, Valley View, Pa.; and the Owego Pennysaver in Owego, N.Y. Also included in the sale is the company’s printing facility in Towanda.
“This is a bittersweet moment for our family and for me as a former publisher of the Daily Review. We have had a wonderful experience as owners of the Towanda Printing Company,” Lynett said. “But we are also confident that we have placed Towanda Prinitng in the capable hands of another respected family-owned media company.”
Times-Shamrock purchased the Towanda Printing Company from the Turner family in 1977, opening a Sayre bureau the following year and debuting the Sunday Review in 1987. Towanda Printing Company’s state-of-the-art printing plant was opened in 2001. Times-Shamrock continues to operate daily newspapers in Scranton, Wilkes-Barre, Pottsville and Hazleton, as well as 14 radio stations in Pennsylvania, Maryland, Wisconsin and Nevada,
“We welcome Towanda Printing Company and Shamokin into our family of newspapers. We are honored to have been selected by Times Shamrock to continue their legacy of delivering all the best news to these fine communities,” said George “Scoop” Sample, CEO of Sample News Group.
Sample News Group owns over 50 publications, including 15 daily newspapers, in six states, Pennsylvania, New York, New Jersey, Maine, New Hampshire and Vermont. The Sample News Group is headquartered in Huntingdon, Pa.