Jerry Healey announced today that he has closed a transaction with Landmark Community Newspapers to acquire all of their Colorado weekly newspapers and companion websites. Prior to the acquisition, Colorado Community Media already owned and operated 17 weekly and two monthly newspapers in the greater Denver area.
Dirks, Van Essen & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented Landmark Community Newspapers in the transaction. Terms of the transaction were not disclosed.
The newspapers acquired were the Brighton Standard Blade, Fort Lupton Press, Commercial City Sentinel Express, Metro Advertiser, Canyon Courier, Clear Creek Courant and 285 Hustler. All the papers distribute in the greater Denver market.
“We believe in the strength of community newspapers and are delighted to add these newspapers to our group,” said Healey. “This acquisition solidifies our presence in Denver Metro area and includes twelve new employees that will bring skills and expertise to our organization. We aim to continue the fine tradition of serving the communities that Landmark developed during their ownership.”
“It is with mixed feelings that we sold this group of newspapers which our company has owned for many years,” said Michael Abernathy, president of Landmark Community Newspapers. “In today’s challenging times, we came to the decision that the communities we serve and our employees in the Denver area would be better served being part of a larger Denver-based newspaper group. We wish Jerry Healey only the best.”