Frankfort Newsmedia, LLC, (FNL) completed its purchase of The State Journal daily newspaper, Frankfort, Kentucky, from Dix Communications according to John Cribb, Managing Director, Cribb, Greene & Cope newspaper brokerage firm. Agreement in principle for the sale was announced last month, and final details were worked out in recent weeks.
FNL is majority owned by Boone Newspapers, Inc., (BNI) with offices in Tuscaloosa, Ala. and Natchez, Miss. Other owners are Natchez-based Carpenter Newsmedia, LLC, (CNL) and key BNI personnel. Jim Boone, of Natchez, is BNI’s president and chief executive office and principal owner of CNL.
The State Journal’s sale ends 53 years of ownership by Dix Communications. Veteran Advertising Director Lloyd Lynch has been named general manager of FNL and will lead its business operations. Longtime Editor Phil Case will continue to lead news operations. Cribb, Greene & Cope represented the Dix family in the sale.