Cox Enterprises to sell North Carolina newspapers
Posted by Simon Day on July 27, 2009 at 4:40 AM
Cox Enterprises has continued its plan to relinquish the company's North Carolina, Colorado and Texas newspapers with the reported sale of three North Carolina dailies and 10 Eastern North Carolina weekly papers to Cooke Communications LLC, the Wall Street Journal reported last week.
Cooke, a privately held family company, said that "virtually all" staff at the newspapers will be retained.
Cooke, a privately held family company, said that "virtually all" staff at the newspapers will be retained.
The three dailies being sold are Daily Reflector in Greenville, Rocky Mount Telegram and the Daily Advance in Elizabeth City. Sale prices were not revealed.
"We're confident that the Cooke family will be excellent owners of these papers and continue to foster a strong commitment to the community and advertisers," said Doug Franklin, executive vice president, Cox Newspapers.
John Kent Cooke, the head of Cooke Communications, promised an ongoing commitment to the newspapers service to the community, "We look forward to working with the talented staffs at these newspapers to continue to provide timely, accurate local news that matters to readers' lives."
Cox also announced last week it is still attempting to sell its newspapers in Texas. Last week it sold the Waco Tribune-Herald to Robinson Media Co. and the Daily Sentinel and The Nickel in Grand Junction, Colo., to Grand Junction Media Inc.
"We're confident that the Cooke family will be excellent owners of these papers and continue to foster a strong commitment to the community and advertisers," said Doug Franklin, executive vice president, Cox Newspapers.
John Kent Cooke, the head of Cooke Communications, promised an ongoing commitment to the newspapers service to the community, "We look forward to working with the talented staffs at these newspapers to continue to provide timely, accurate local news that matters to readers' lives."
Cox also announced last week it is still attempting to sell its newspapers in Texas. Last week it sold the Waco Tribune-Herald to Robinson Media Co. and the Daily Sentinel and The Nickel in Grand Junction, Colo., to Grand Junction Media Inc.
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