Industry News
Distinctly Montana Magazine
Distinctly Montana Magazine has been sold by founder Michael Blevins to Bill Muhlenfeld and Anthea George of Bozeman, Montana, according to John Cribb, Cribb, Greene & Associates, who represented the seller in the transaction.Distinctly Montana Magazine is a high quality glossy product published quarterly and distributed throughout Montana and most...
> read more
Distinctly Montana Magazine
Distinctly Montana Magazine has been sold by founder Michael Blevins to Bill Muhlenfeld and Anthea George of Bozeman, Montana, according to John Cribb, Cribb, Greene & Associates, who represented the seller in the transaction.Distinctly Montana Magazine is a high quality glossy product published quarterly and distributed throughout Montana and most of the nation. The magazine, founded in 2001, is a resource guide for all things Montana and includes local features, literary pieces, and high quality art and photography. Included in the sale is the magazine website at distinctlymontana.com.
According to Anthea George, "Distinctly Montana is a quality publication with a great concept and a focused mission. We look forward as new owners to bringing the best of Montana to residents and visitors alike."
Cribb, Greene & Associates is an eighty-seven year old publishing company merger and acquisition firm with offices in Bozeman, Montana and Charlottesville, Virginia.
Maryville, Tennessee - Sale Announcement
An agreement has been reached in principle for the sale of The Daily Times and its related websites by Horvitz Newspapers, LLC, to the John M. Jones family of Greeneville. The Joneses own and operate a fourth-generation family-owned media company, Jones Media, Inc., that has published newspapers in Tennessee since 1916.
Today's announcement was made personally to Daily Times and Jones Media employees, respectively, by Peter A. Horvitz, president and chief executive officer of Horvitz Newspapers, LLC, and Gregg K. Jones, president and chief executive officer of Jones Media, Inc. and Blount County Publishers, LLC. They said that final due diligence is underway and that the sale to Blount County Publishers should be completed in the very near future.
The Jones family is the owner of 13 community newspapers and nine travel/tourism guides published in East Tennessee and western North Carolina. The company's flagship newspaper is The Greeneville Sun, a daily based in Greeneville. Other Tennessee newspapers in the group are The Daily Post-Athenian (Athens), The Newport Plain Talk (Newport), the News-Herald (Loudon County), Rogersville Review (Rogersville), The Connection (Tellico Village), the Advocate and Democrat (Monroe County) and The Herald-News (Rhea County). Newspapers in Western North Carolina include Watauga Democrat (Boone), The Blowing Rocket (Blowing Rock), The Mountain Times (Watauga County), The Mountain Times (Ashe County) and The Avery Journal-Times (Avery County). The family's travel/tourism publications include Best Read Guide and Lodging Guide, both serving the Sevierville-Gatlinburg-Pigeon Forge region in Tennessee, and Official Interstate Guide, serving the Southeastern United States.
Speaking for his family, Gregg Jones said, "We feel extremely fortunate and excited to be adding The Daily Times to our family of community newspapers and are deeply grateful to Peter Horvitz and his family for making it possible. This transaction is, we believe, a sound and logical one for a number of reasons. Among them, of course, is the fact that the geographic proximity of Maryville and Blount County to numerous communities we presently serve will open the door for many operational synergies, making publications that are already good even better. Blount County is a marvelous community in countless ways and has been well served by The Daily Times for decades. We are proud to have the opportunity to continue in that tradition and are committed to doing everything in our power to making this strong community, and the newspaper that serves it, even stronger."
The family-owned Horvitz Newspapers purchased The Daily Times from Persis Corporation in October 1994. "Our family has been honored to own The Daily Times for almost 16 years, and we’re very proud of its service and commitment to the Blount County community," said Peter Horvitz. "We were very pleased when the Jones family expressed interest in buying The Daily Times, and are delighted that a Tennessee family with deep roots in Tennessee journalism and a demonstrated commitment to community service will become the new owner," Horvitz said.
Horvitz Newspapers, headquartered in Bellevue, Washington, also publishes the Peninsula Daily News and related websites based in Port Angeles, Washington
Cribb, Greene & Associates is representing the Jones family in the acquisition.
Back...
| | | | | | | | | | | | | | | | |