Paxton Media Group has sold Southwest Iowa Publishing Company to Red Oak Publications, owned by J. Louis Mullen.
Mullen is part of a second-generation newspaper family which includes two brothers who also own newspaper companies. J. Louis Mullen owns newspapers in seven states and sits on the board of the National Newspaper Association.
The two Iowa papers, the Red Oak Express and the Glenwood Opinion Tribune, were two of the 46 newspaper operations PMG acquired from Landmark Community Newspapers earlier this year. "PMG does not otherwise have a presence in Iowa and we prefer to focus on our current footprint" said Jamie Paxton, CEO of PMG. "We felt the Iowa papers would be better served by an owner with closer geographic ties."
New Mexico-based Dirks, Van Essen & April represented Paxton Media Group in the transaction. Terms of the transaction were not disclosed.
Paxton Media Group is based in Paducah, Kentucky, and publishes 116 community newspapers in 13 states, 37 of which are daily papers. The company also operates an NBC-affiliated TV station based in Paducah.
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