Shearman
Company has a deal to sell the assets of the American
Press in Lake Charles and Southwest Daily News
in Sulphur (Louisiana) to Carpenter Newsmedia, an
affiliate of Boone Newspapers. The assets include its print publications,
websites and commercial printing business.
Media merger firm Dirks, Van
Essen & April, based in New
Mexico, is representing Shearman Company in the
transaction. Terms were not disclosed.
BNI and CNL own and/or manage
74 related papers along with websites, shopping guides and magazines in Alabama, Georgia,
Kentucky, Louisiana,
Michigan, Minnesota,
Mississippi, Virginia,
North Carolina, Ohio,
Tennessee and Texas. Their Louisiana
papers include the Bogalusa Daily News and L’Observateur in LaPlace.
They publish the Orange Leader (Texas)
and the Port Arthur News (Texas), which are
printed in Lake Charles.
The Shearman family owned the
American Press since 1943.
“We are pleased and humbled
to succeed the Shearman family in responsibility for the American Press and
Southwest Daily News,” said Todd Carpenter, president and CEO of BNI and owner
of CNL.
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