Enterprise NewsMedia Buys 4 More Boston-Area Papers

By: (AP) Enterprise NewsMedia LLC, which owns several newspapers south of Boston, said today it is acquiring The Norwood Bulletin and a group of three other independently owned papers.

Enterprise NewsMedia, owned by the Boston-based private equity firm Heritage Partners Inc., said it also has secured $100 million in financing as part of a restructuring.

Enterprise NewsMedia did not disclose terms of its deal to buy The Call Group, three papers serving Taunton, Raynham, and Lakeville that publish with varying frequency, from weekly to semimonthly.

Terms also were not disclosed for the separate acquisition of the Bulletin, a weekly.

The acquisitions expand a list of Enterprise NewsMedia holdings that includes two dailies, The Patriot Ledger of Quincy and The Enterprise of Brockton.

Kirk Davis, Enterprise NewsMedia's chief executive, said the acquisitions "are consistent with our strategy of being the dominant player in the south of Boston market."

Enterprise NewsMedia said the $100 million financing package underwritten and arranged by Wachovia Securities will allow it to refinance existing debt, provide a dividend to existing shareholders, finance the two new acquisitions and provide cash for future growth.


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