New Media Investment Group Inc. will purchase Halifax Media Group for $280 million, according to a report in the Sarasota (Florida) Herald-Tribune.
The purchase will include the 24 dailies owned by Halifax Media Group, which “have total daily circulation of approximately 635,000 and 752,000 on Sundays,” according to the Herald Tribune. It is scheduled to close in early 2015.
Halifax Media Group formed in 2010 and soon acquired the Daytona Beach News-Journal in addition to nearly 15 newspapers in The New York Times Regional Media Group, according to the Herald-Tribune. It then added 19 papers from Freedom Communications. Read more