New Media Investment Group reaches agreement with Halifax
New Media Investment Group Inc., the parent company of the Stephenville Empire-Tribune, has reached an agreement to purchase substantially all of the assets of Halifax Media Group for $280 million.?
The deal is expected to close in early 2015.?
Halifax Media has properties primarily in the Southeast and its portfolio includes 36 newspapers, including 24 daily newspapers with total circulation of 635,000 daily and 752,000 on Sunday. Halifax’s largest newspaper is the 88,000-circulation Herald-Tribune in Sarasota, Florida.
?Once closed, New Media will have deployed $430 million in acquisitions in the last year.?
New Media is one of the largest publishers of locally-based print and online media in the United States. They currently operate in over 370 markets across 27 states.