American Publishing Company of Illinois, a subsidiary of Hollinger International, Inc., has purchased substantially all the assets of Towndan Enterprises from members of the Ralph T. Jones family, according to Tom Karavakis, Bolitho-Cribb & Associates, who represented the sellers in the transaction.
Towndan Enterprises is a printing, publishing, and marketing company headquartered in La Porte, Indiana. Publications owned by Towndan include the La Porte Town Crier, Michigan City Town Crier, Valparaiso Town Crier, Chesterton Town Crier, Lake Michigan Town Crier, and the County Town Crier. Total circulation of these publications is 74,800. Ralph T. Jones founded the publications in 1933.
Bolitho-Cribb & Associates is a publishing company brokerage firm with offices in Montana, Florida, Wisconsin, and Wyoming.