Boone Newsmedia, Carpenter Media Group announce publication ownership changes

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Boone Newsmedia, Inc., (BNI) and Carpenter Media Group (CMG) are pleased to announce future ownership of eight local media companies that had been jointly owned by the two companies.

In a series of transactions effective June 1, CMG acquired BNI’s interests in the following affiliates:

  • Bainbridge (Georgia) Media, publisher of The Post-Searchlight
  • Brookhaven (Mississippi) Newsmedia, publisher of The Daily Leader
  • Elizabethton (Tennessee) Newsmedia, publisher of the Elizabethton Star
  • Frankfort (Kentucky) Newsmedia, publisher of The State Journal
  • Oxford (Mississippi) Newsmedia, publisher of The Oxford Eagle
  • Tryon (North Carolina) Newsmedia, publisher of the Daily Bulletin

BNI acquired CMG’s interest in the following affiliates:

  • Tidewater (Virginia) Publications, publisher of The Tidewater News
  • Washington (North Carolina) Newsmedia, publisher of the Washington Daily News

In addition, CMG acquired the Ironton (Ohio) Tribune and related print and digital publications from BNI.

Terms of the deal were not disclosed.

“We are pleased to be at this stage in the orderly transition of BNI and CMG to separate media companies after many years of shared management and ownership,” said Steve Stewart, president and chief executive officer of BNI. “While BNI is sad to depart as owner in a number of communities served, we are pleased that those newspapers will be owned by Carpenter Media Group, a company for which we have deep respect. Both companies live out the values taught us by our friend and mentor, the late Jim Boone: serving our communities with excellent journalism and effective marketing solutions, and employing the best and brightest to fulfill those important obligations.”

“I echo Steve’s comments and look forward to next steps in serving these readers, businesses and communities,” said Todd Carpenter, chairman of CMG. “It has been a highlight of my career visiting and getting to know each community, and working to serve each with Jim Boone and the excellent Boone Newsmedia team. What we are doing now is a natural progression of a long-planned commitment to these institutions and the communities we serve. We will miss our association with The Washington Daily News and The Tidewater News, but we know those places are better because of good journalism done over a long period of time and will continue to improve as BNI leads them forward.”

For press inquiries, contact Steve Stewart at steve.stewart@boonenewsmedia.com or Todd Carpenter at todd.carpenter@carpentermediagroup.com

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