The Smithfield Times (Virginia) is being sold.
Longtime Virginia newspaper
publisher Steve Stewart, principal owner of newly formed Smithfield Newsmedia,
has an agreement in principle to buy the paper from John and Anne Edwards, the
paper reported.
Stewart is
a former publisher of the Suffolk News-Herald. The paper will be an affiliate
of Alabama-based Boone Newspapers, which owns the News-Herald and The Tidewater
News in Franklin ,
the Virginian-Pilot reports.
Terms of
the deal were not disclosed.
Stewart
will be majority owner of Smithfield Newsmedia and the paper’s publisher. Also
invested are Boone Newspapers, Suffolk News-Herald publisher John Carr,
Tidewater News publisher Tony Clark, and Carpenter Newsmedia, a company owned
by Boone’s president and CEO, the Virginian-Pilot reports. The deal is expected
to close by Nov. 1.
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