Florida Group Sells Santa Rosa Press-Democrat To Bay Area Company
SANTA ROSA (CBS / AP) — Florida-based Halifax Media Group has agreed to sell the Santa Rosa Press Democrat and its affiliated publications to a recently formed Bay Area company.
Halifax announced the agreement Thursday. Halifax purchased the Press Democrat, The Petaluma Argus-Courier and North Bay Business Journal in January from the New York Times Company as part of an acquisition that included 16 publications, mostly in the southeastern U.S.
Halifax CEO Michael Redding says selling the California publications to Sonoma Media, which was formed by local investors, makes geographic sense.
Halifax Media Group – founded in 2010 – is headquartered in Daytona Beach. The group consists of 36 newspapers and affiliated websites, published in six states.
(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)