The Gaines household has agreed to promote the Every day Information of Bowling Inexperienced, Kentucky, to Carpenter Newsmedia LLC, an affiliate of Boone Newspapers Inc., it was introduced Tuesday.
Phrases of the sale weren’t disclosed. The deal is anticipated to shut June 30 and likewise features a weekly shopper and three magazines.
The household’s historical past with the newspaper dates again 140 years, based on a press release from Cribb, Cope & Potts, a merger and acquisition agency representing the household. The newspaper mentioned it is among the oldest family-owned papers within the southeastern U.S.
“It was certainly a troublesome choice, and it wasn’t one which was made rapidly or simply,” Pipes Gaines, writer emeritus of the Every day Information and co-owner of the newspaper alongside together with his sons, Writer Scott Gaines and Editor Steve Gaines, mentioned in a press release. “For 140 years, it’s been an unimaginable legacy. We glance again on it with plenty of satisfaction.”
Boone Newspapers owns or manages newspapers and different publications in 12 states, together with a number of in Kentucky, its web site mentioned.
“We look ahead to getting began and assembly the workers, rolling up our sleeves and attending to work in assist of their efforts to serve readers and advertisers,” Boone Newspapers President and CEO Todd H. Carpenter mentioned within the assertion.
The Gaineses will stay house owners of radio stations WDNS and WKCT, the newspaper mentioned.