Austin American-Statesman Sells to GateHouse Media for $47.5 Million

The Austin American-Statesman is being sold.Atlanta-based Cox Enterprises, owner of the capital city daily for more than 40 years, is selling the newspaper to New York-based GateHouse Media for $47.5 million. The sale is expected to close early this spring.The purchase includes Ahora Si, the Statesman's Spanish-language daily, as well as the Austin Community Newspapers group of suburban newspapers.Cox put the Austin newspaper on the sale block in October.GateHouse owns 130 daily newspapers, 24 of them in Texas, including the Amarillo Globe-News and the Lubbock Avalanche-Journal. The Statesman will be one of GateHouse's largest, with a daily print circulation of about 85,000 and almost 17,000 digital subscriptions.GateHouse already has a central news and design center in Austin.  Continue reading...

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