Tuesday, May 07, 2019

Paxton Media buys Indiana daily


The Rochester Sentinel (Indiana) has been purchased by Paxton Media Group from owner and Publisher Sarah O. Wilson, according to John Thomas Cribb of merger and acquisitions firm Cribb, Greene & Cope, who represented the Wilson family in the sale. The sale was effective May 1. A price was not disclosed. Wilson and her husband, Sentinel Editor W.S. Wilson, came to the Sentinel in 1982. Neither will remain with the company. 
Sarah Wilson's father, the late Jack K. Overmyer, began working at The Sentinel while in high school, bought the paper in 1976 and passed ownership to her upon his death in 2010. 
Paxton Media is a family-owned company headquartered in Paducah, Kentucky. It publishes daily and weekly newspapers in more than 50 communities in the Midwest and South.
“This business combination provides the financial security needed to assure the Sentinel will continue to serve its community long into the future,” said David Paxton of Paxton Media Group. 
Bill Hackney has been named publisher of The Sentinel, according to David Holgate, president of Paxton's Indiana Michigan Group.

at

No comments:

Post a Comment

For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.