More regional US newspapers are changing hands, this time a cluster of newspapers in Oregon.
Country Media Inc is the purchaser of the Newport News Times, the (Florence) Siuslaw News, and the Cottage Grove Sentinel from News Media Corporation.
News Media chief executive J.J. Tompkins said it had been important his family’s company found “the right company” to which to sell their Oregon newspapers.
He said their 20-plus years doing business in Oregon had been “a successful run” and would not have been possible without their many dedicated employees.
“We couldn’t be more pleased that Steve and Carol Hungerford of Country Media are the new owners – we know they are committed to local journalism,” he said. “They have more people and more resources to make these individual publications even stronger.”
Steve Hungerford said it was a privilege to continue News Media’s “legacy of local news coverage” in dynamic, smaller communities.
John Cribb of Cribb, Cope & Potts, which has offices in Montana, California and Arkansas, represented the Tompkins family and News Media Corporation in the sale, terms of which were not disclosed.