Republic Newspapers, Inc. of Knoxville, Tennessee, parent company of The Jessamine Journal, has announced the sale today of the Journal to Advocate Communications, Inc. (“Advocate”), according to Gary Greene of Bolitho-Cribb & Associates, who represented the Sellers in this transaction.
Advocate also publishes The Advocate-Messenger of Danville, Kentucky and is a subsidiary of Schurz Communications, Inc., headquartered in South Bend, Indiana. The acquisition brings the Journal, now publishing in its 129th year, into the Schurz group of media companies.
Republic, who also publishes newspapers in Tennessee, North Carolina, and Florida, acquired the Journal in April 1990 from Ed Easterly III’s Jessamine Publishing Company.
In announcing the sale, Republic’s President, Nick W. Drewry, said, “We have thoroughly enjoyed our experience with the people in Jessamine County and especially the fine staff at the Journal. Over the last 11 years, the staff of the Journal has been wonderful to work with. They have produced an excellent newspaper for Nicholasville, Wilmore and Jessamine County.”
Advocate’s President, Mary Schurz, said, “We are pleased to welcome The Jessamine Journal into our group of newspapers which will expand our coverage in the state of Kentucky.”
Bolitho-Cribb & Associates is a seventy-eight year old newspaper brokerage company with offices in Montana, Virginia, Wisconsin, Wyoming, Florida, and Colorado.