Journal completes newspaper sales


Journal Communications has 28.5 million in its corporate coffers after completing the last of three sales of clusters of community newspapers that were announced in June (6/20/07 TVBR #120). The sale of papers in New England was the last to be completed, following sales in Ohio and Louisiana. Under the New England agreement, Hersam Acorn Community Publishing LLC acquired the assets of Journal Community Publishing Group's Connecticut and Vermont clusters – consisting of 11 community papers, two printing facilities (in Trumbull, CT and Bennington, VT) and five shopper products. The Connecticut operations do business under the names "Hometown Publications" and "Trumbull Printing."

By selling the three clusters in New England, Ohio and Louisiana, Journal Communications said the company will be able to turn its focus to deepening its media offerings in its important Wisconsin and Florida markets.