Local investors have signed documents to buy the weekly Fauquier Times, Prince William Times and Gainesville Times from Loudoun-based Virginia News Group, according to Randy Cope, Managing Director of Cribb, Greene & Cope who represented Virginia News Group in the transaction. Terms were not disclosed.
Virginia News Group, also publisher of Loudoun Times-Mirror, is owned by Middleburg resident, Peter Arundel. The company was founded by Arundel’s father, Arthur “Nick” Arundel, in 1963 with the purchase of the Loudoun Times-Mirror.
“Our readers and advertisers in Fauquier are very well-served by this transaction”, said Arundel, adding, “The buyers are very passionate about this county and the vital role that the paper plays in nurturing its special character.”
Founded in 1905 by Thomas Frank, the paper changed hands several times until Hubert Phipps owned the paper for 33 years. Arthur “Nick” Arundel purchased the paper in 1974 and has remained in Arundel family ownership for 42 years.