The Sanford Herald has been sold by Republic Newspapers, Inc., Knoxville, Tenn. to Family Media, Inc., according to an announcement today by Nick Drewry, Republic’s president.
The sale was effective March 31. Republic, formed in 1988 by principal Douglas A. Horne in Knoxville, has owned the Herald since 1997. Republic also owns newspapers in Tennessee and North Carolina, as well as eight radio stations in Tennessee and Tucker Publishing Company, which publishes Outlet mall shopper’s guides in 10 states, from the Northeast to Las Vegas.
About the sale, Drewry said, “We have been proud to do business in Sanford, Lake Mary and Seminole County for these last 8 years. At one time, we had five newspapers in Florida, but we have been moving toward conducting our business closer to our home state of Tennessee. Sanford is the last Florida paper we own. Our association with Dan Ping and the Sanford staff has been most enjoyable. They are a great group of newspaper professionals. We wish them and Mr. Turner the best as they move forward in Seminole County.”
Formed in 1996, Family Media, of Miami, Oklahoma, has owned daily and weekly newspapers as well as free distribution products in five states. Currently Family Media owns The Bay Press in Biloxi, Miss., Publishers Idea Exchange, an industry trade magazine, and Green Country Television serving northeast Oklahoma. In addition to media investment and management, Family Media works as a consulting company.
“We are excited to have the opportunity to be in Florida and especially in Seminole County,” said Family Media president Jerry R. Turner. “We see this as a high growth area, but still one that values hometown community journalism. We will continue to build upon the work done by Mr. Drewry and Republic in providing the citizens of Sanford and Seminole County with a newspaper that is about the faces and names of its citizens.”
Turner has 24 years of newspaper experience mostly spent as editor, ad director and publisher of weekly and daily newspapers. Newspapers under his direction have won numerous awards including four general excellence awards and one most improved award during his last eight years as publisher.
“I look forward to working with the talented staff of dedicated professionals already in place at the Herald,” Turner said. “If any of our readers or advertisers have suggestions for improvements please email or telephone those to us. We very much appreciate your readership and business.”
The Charlottesville, Va. office of Cribb & Associates, a print media consulting, appraisal and brokerage firm based in Bozeman, Mont., represented Republic in the sale.