The Eckstein and Stern families jointly announced that Jewish News of Greater Phoenix, the annual Community Directory and jewishaz.com has new ownership, according to John Cribb, Cribb, Greene & Associates, who provided valuation and transaction structure advice to the Stern Family.
Jaime and Jeff Stern bought the media company from Florence and Paul Eckstein, with Jaime Stern becoming the new publisher and Florence Eckstein becoming publisher emeritus, working in the office as a consultant to the publisher through the transition period.
“Our ideal buyer profile was a young local couple representing the next generation with very strong business experience to lead the company forward,” Florence Eckstein said. She and Jaime Stern wrote: “The sale represents the transfer of the reins of our weekly newspaper, website and community directory from a family of longtime owners ready to retire to a young, energetic family representing the next generation of readers.”
Cribb, Greene & Associates is a ninety year old newspaper brokerage and consulting firm with offices in Bozeman, Montana and Charlottesvile, Viriginia.