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MISSISSIPPI NEWSPAPERS SOLD TO BOONE.

Two small Mississippi newspapers -- a six-day, 5130-circulation evening paper and a 1900-circulation weekly -- were sold by family owners last week to Boone Newspapers Inc. of Tuscaloosa, Ala.

The papers acquired -- the Brookhaven Daily Leader and the Prentiss Headlight-- had been owned by the Jacobs family for 54 and 27 years, respectively. No terms for the deal were given; the Jacobs were represented by the newspaper broker Cribb, Greene & Associates of Bozeman, Mont.

Boone owns more than 44 newspapers in eight states in the North Midwest and Southeast, including the Natchez Democrat in Mississippi. Boone's president and chief operating officer, Todd Carpenter, is based in Natchez and has made a personal investment in the Brookhaven operations.

The papers' publisher will be Rick Reynolds, most recently of Granite Publications of Texas. Reynolds is a former longtime Boone executive who published the company's The Messenger of Troy, Ala.

In other media mergers and acquisitions news, The Hearst Corp. said last week it had acquired a 50-percent interest in NorthSouth Productions of New York City and Knoxville, Tenn. No terms were released. NorthSouth makes unscripted shows for TV cable networks, including "Say Yes to the Dress" and "Paranormal Cops."

Hearst, publisher of 15 daily newspapers, also owns 29 TV stations and has large stakes in the cable networks A&E, History, Lifetime and ESPN.

Once again proving that the smaller daily and weekly has plenty of interest from operators who know the newspaper business.
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Publication:NewsInc
Geographic Code:1U6MS
Date:Dec 10, 2012
Words:240
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