Effective June 1, The Business Journal of Tri-Cities Tennessee/Southwest Virginia has been sold to Mountaineer Publishing Company of Waynesville, North Carolina, according to Gary Greene, of Cribb & Associates, LLC, who represented the seller in the transaction.

In addition to The Mountaineer and The Biltmore Beacon, general circulation newspapers respectively serving Waynesville and Asheville, Mountaineer Publishing Company owns and operates several full color, glossy, specialty magazines and publications in Western North Carolina.

The Business Journal was founded in 1988 by Greeneville, Tenn. based – Jones Media, Inc., which publishes The Greeneville Sun, The Rogersville Review and several other general circulation newspapers and special interest products in East Tennessee and Western North Carolina.

Jeff Schumacher, general manager of Mountaineer Publishing Company, will serve as interim publisher of The Business Journal until a new publisher is named. Ellen Myatt, who has been the Business Journal’s publisher since 1997, will remain with Jones Media and become publisher of The Rogersville Review in Rogersville, Tennessee. All other personnel of the Business Journal will be retained by the new owner.

“We are extremely pleased that this outstanding Western North Carolina newspaper company has chosen to purchase the Business Journal, which has proudly served the Tri-Cities region for more than 18 years,” said Gregg Jones, president of Jones Media, Inc. and the Business Journal. “Jonathan Key and his associates are outstanding publishers and are committed to taking the Business Journal to new heights in advancing this region’s business interests.”

“It has been our privilege to serve the Tri-Cities area with timely, useful business news and information for nearly two decades, and we will be doing our best to assist the new owners in the transition. We are deeply grateful to the many friends and supporters who have partnered with us over the years to create a publication that speaks for the region’s business community with unity, and we remain committed to working for the great progress that can be achieved by acting collectively as a region,” Jones said.

“We are pleased to acquire publications with lasting reputations like these have,” said Jonathan Key, chairman, president and owner of Mountaineer Publishing. “There has obviously been a lot of hard work and dedication put in by the staff, as well as significant trust from the advertising community in all of the Business Journal’s products.”

Key continued, “Our company’s mission is to produce high quality publications which meet the needs of their clientele. It is our goal to continue the editorial integrity of the Business Journal and its many products, including generatioNext and ConnectNow, and to implement several new and exciting ideas.”

Cribb & Associates of Charlottesville, Virginia, represented Jones Media in the sale.

Published May 30, 2006

Tri-Cities TN