Larry Lucieer and his partners have sold the assets of AdNet Community News, Inc., Canandaigua, New York, to GateHouse Media, Inc. according to John Cribb, of Cribb, Greene & Associates who represented the sellers in the transaction.
AdNet Community News is a zoned shopper publishing operation serving forty communities in the greater Rochester market area. Circulation for the papers is 165,000 weekly in ten editions. The sale includes the website www.adnetdirect.net.
The company also operates a commercial web printing plant with two Web Leader press lines, mailing, and inserting equipment located in a 35,000 square building in Canandaigua, New York. The printing operation and real estate was included in the sale.
GateHouse Media, Inc. is a publicly traded company (symbol GHS: NYSE) with approximately 75 daily newspapers, 231 weekly newspapers and 117 shopper and niche publications in 15 states.
Cribb, Greene & Associates is an eighty-four year old newspaper brokerage company with offices in Bozeman, Montana and Charlottesville, Virginia.