HarborPoint Media and Halifax Media Group Enter Into Letter of Intent

Leesburg, FL, August 28, 2013 – Halifax Media Group based in Daytona Beach, Florida, and HarborPoint Media have entered into a letter of intent pursuant to which Halifax would acquire the assets of HarborPoint, principally the Daily Commercial of Leesburg, Florida, the News-Sun of Sebring and the South Lake Press of Clermont. The companies anticipate closing the transaction as of September 30.

“We believe that Halifax is a good home for our employees and newspapers,” said Russell Denson, a HarborPoint director. “As a larger newspaper publisher in the Florida market, Halifax brings additional resources and capabilities to expand and enhance the newspapers’ service to their readers, advertisers and communities.”

“We are excited about the deal. The Daily Commercial, the largest newspaper in the group, is located in Leesburg, within an hour of both the Halifax’s News-Journal in Daytona Beach and the Star-Banner in Ocala. Plus, the News-Sun operation based in Sebring is near our Lakeland operation,” said Michael Redding, CEO of Halifax Media Group. “These Central Florida markets are positioned in the heart of our Florida footprint. We know the markets and the publications.”

Dirks Van Essen & Murray, a newspaper merger and acquisition firm located in Santa Fe, New Mexico, represented Halifax in the transaction.