NAVIGATION

April 23, 2018

Press Release

Morris Communications announces sale of newspapers to GateHouse Media

Sale includes the Florida Times-Union in Jacksonville and the St. Augustine Record.

| 8/9/2017

AUGUSTA, GA – August 9, 2017– Morris Communications today announced that is selling 11 of its daily and non-daily newspaper holdings, its Lubbock, Texas-based commercial printing operation and other related publications to GateHouse Media, Inc. The sale is part of the company’s strategic restructuring to focus its business on lifestyle and niche publications, broadband operations, property development and new business and is expected to be finalized on October 2, 2017.

The daily newspapers offered in the sale include The Florida Times-Union (Jacksonville); The St. Augustine (Fla.) Record; The Savannah (Ga.) Morning News; The Augusta (Ga.) Chronicle; The Athens (Ga.) Banner-Herald; Lubbock (Texas) Avalanche-Journal; Amarillo (Texas) Globe-News; the Topeka (Kan.) Capital-Journal; Log Cabin Democrat (Conway, Ark.); Juneau (Alaska) Empire; Peninsula Clarion (Kenai, Alaska); and Homer (Alaska) News. The commercial printing operation is West Texas Printing.

William S. “Billy” Morris III, chairman of Morris Communications, will remain as publisher of The Augusta Chronicle and will oversee editorial-page policy for the three Morris newspapers in Georgia. Morris said, “Since 1929, the Morris family has had a great love and passion for journalism and the local communities that they serve. However, every newspaper company in America is battling trends and redirected advertising dollars, so it is necessary for newspapers to be part of a large newspaper group to build and maintain the necessary resources to compete. We are deeply grateful for the many friendships and business relationships we have enjoyed for these many years and look forward to the impact the next generation will make.”

As part of the restructuring, all Morris Publishing Group magazines will be managed under Morris Media Network. Derek May, formerly president of Morris Publishing Group, will take a new leadership role as chief operating officer of the newly restructured company.

William S. Morris IV, president and CEO of Morris Communications, said, “As the company transitions to the 3rd generation of leadership, we are enthusiastic about our plans to diversify our business holdings with print and digital communications, broadband and real estate development. We have found a wonderful buyer for the newspapers in GateHouse, as they are strongly committed to providing good community coverage for readers and effective solutions for advertisers. We will work closely with the new owners for a smooth transition over the coming weeks.”

Moorgate Securities and Avondale Communications acted as financial advisors to Morris Publishing Group in connection with this transaction.


About Morris Communications

Morris Communications Company, LLC is part of a privately held company with diversified holdings in media, Real Estate and property development and agriculture. Current media holdings include; daily newspapers, numerous non-daily and free community papers, magazines and specialized equine, sporting and lifestyle publications, visitor (travel and tourism) publications, and provides cable television, internet, broadband, and telephone services. For more information, visit our website, www.morris.com

Tags: Media & Marketing

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Celebrity Edge, where dining really is on the edge
Celebrity Edge, where dining really is on the edge

Le Petit Chef, a tiny animated chef who creates a whimsical dessert, is a key ingredient in what Celebrity Cruises calls an immersive fusion of entertainment and dining on its newest ship, Celebrity Edge, debuting in Fort Lauderdale.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Who should pay for increased security at Florida's K-12 schools?

  • School districts, out of their budget
  • Cities and Counties
  • State of Florida
  • Other (comments welcome)

See Results

Ballot Box
Subscribe