By: The Associated Press
(AP) The family that has owned a daily newspaper in eastern North Carolina for more than 60 years says it plans to sell the paper to an Alabama-based company.
The Washington Daily News reports Wednesday that an agreement has been reached to sell the paper to Boone Newspapers Inc. of Birmingham.
Publisher Ashley Futrell Jr. says the paper needs to be part of a larger company to take advantage of economies of scale.
Under the name Washington Multimedia, Boone will manage the daily paper and some affiliated publications.
The Futrell family will have a minority stake in the new company and will maintain ownership of The Ocracoker, a weekly publication.
Boone Newspapers owns publications in eight states, including North Carolina.