The David Jackson Family has sold the Ludington Daily News, Oceana’s Herald-Journal, and the White Lake Beacon to Community Media Group of West Frankfort, Illinois, according to John Cribb, Cribb, Greene & Associates, who represented the seller in the transaction. The sale’s effective date is January 1, 2012.
The Ludington Daily News is a six-day daily newspaper with approximately 7,500 paid circulation, and the sale includes the weekly Herald-Journal and White Lake Beacon as well as a number of free and niche publications. The area served by the publications is on the western coast of Lake Michigan, in a region from Manistee to the north and Muskegon to the south. The transaction included several buildings and a web printing operation.
David Jackson, a member of the selling family, was quoted as saying, “They are newspaper people [referring to the purchaser Community Media Group]. They love the news business, and that’s important to me. They are going to make changes, obviously, but they are committed to putting out good newspapers.” Community Media Group owns and operates daily and weekly newspapers in five states, including Michigan.
Cribb, Greene & Associates is an 88-year-old newspaper brokerage, consulting, and appraisal firm with offices in Bozeman, Montana and Charlottesville, Virginia. For more information, contact John Cribb, Managing Director, 406-586-6621, firstname.lastname@example.org.