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SWARTZ-MORRIS MEDIA ACQUIRES TWO WEEKLY NEWSPAPERS IN GEORGIA FROM THE NEW YORK TIMES COMPANY

 NEW YORK, Jan. 4 /PRNewswire/ -- The New York Times Company (AMEX: NYT.A) said today it sold two weekly newspapers in Georgia, The Winder News and the Forsyth County News, to Swartz-Morris Media, Inc., a Georgia company jointly owned by J.D. Swartz and Charles H. Morris.
 The agreement is effective immediately and the new ownership has assumed operation of the newspapers.
 Mr. Swartz, 58, is the former president of Worrell Newspapers, which under his leadership operated 35 newspapers and three television stations. A native of Johnson City, Tenn., Mr. Swartz began his career with Worrell 30 years ago as an advertising salesman at the group's Bristol, Va., newspaper. He served as publisher of a number of its small daily community papers, living in seven different communities before being named president of Worrell Newspapers.
 Charles H. Morris, 55, is a native of Augusta, Ga. After graduating from the University of Georgia, he began his newspaper career in the family business at The Augusta Chronicle. He worked at The Oklahoma City Times and later moved to The St. Petersburg (Fla.) Times. He became publisher of The Savannah (Ga.) Morning News & Evening Press in 1966.
 In 1970 he left the Savannah newspaper to devote full attention to the management and expansion of his own company, Morris Newspaper Corporation, which began with the purchase of The Murfreesboro (Tenn.) Daily News Journal and The Key West (Fla.) Citizen. His company owns and operates 38 publications (daily, non-daily and free distribution), three television stations and three major commercial web printing plants.
 James C. Weeks, president and chief operating officer of The New York Times Regional Newspaper Group, said: "We are pleased to complete this agreement with Mr. J.D. Swartz and Mr. Charles Morris, two gentlemen the Times Company has known for many years and who are widely respected for their extensive experience in running community newspapers."
 Mr. Swartz, who is the president and CEO of Swartz-Morris Media, said: "We are delighted to be the operators of these fine newspapers. We plan to publish the best local newspapers we can for Forsyth and Barrow Counties."
 The Winder News and The Forsyth County News respectively have weekly circulations of approximately 6,700 and 10,600 copies. The Times Company acquired them in 1987 along with The Gwinnett Daily News, which as closed in 1992.
 Terms of today's agreement were not disclosed. For the Times Company, the gain resulting from the transaction as not reflected in the Company's announcement of fourth-quarter charges distributed Dec. 6.
 -0- 1/4/94
 /CONTACT: Nancy Nielsen, 212-556-7078, or William Adler, 212-556-7077, both of The New York Times Company; or J.D. Swartz of Swartz-Morris Media, 615-434-2232/
 (NYT)


CO: The New York Times Company; Swartz-Morris Media, Inc. ST: New York, Georgia IN: PUB SU: TNM

PS-MP -- NY012 -- 8807 01/04/94 09:58 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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