Liberty Swaps With Community p.34

By: Editorial Staff Liberty Group Publishing has plans to swap an upstate New York newspaper plus some cash for two daily and two weekly papers owned by Community Newspaper Holdings.
Liberty, based in the Chicago suburb of Northbrook, announced that it was trading the Tonawanda News, in North Tonawanda, N.Y., (circulation 12,000) for the South Idaho Press, Burley, Idaho, (circulation 5,000) and the Macomb Journal, Macomb, Ill., (circulation 7,000). It also will take over weeklies in Devil's Lake, N.D., and Sun Valley, Idaho.
Liberty, owned by Los Angeles merchant bank Leonard Green & Partners, was formed last year to acquire 170 smaller papers from Hollinger International. Its stable of papers includes a strong cluster in Illinois.
Community, based in Lexington, Ky., owns 25 dailies and 77 weeklies in 19 states. It acquired the Idaho and Illinois dailies from Media General a little more than a year ago.
The Tonawanda News becomes its fourth daily in upstate New York.
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