Press

Halifax Media Group Closes Purchase of Freedom Communications Florida and North Carolina Properties

June 27, 2012

PRESS RELEASE

Contacts:

For Halifax Media Holdings LLC

- Michael Redding, 386-265-6810; michael.redding@halifaxmediagroup.com
- Lori Catron, 386-265-6830; lori.catron@halifaxmediagroup.com

DAYTONA BEACH, FL, June 27, 2012 - Halifax Media Group today closed a deal with Freedom Communications to purchase eight daily and 11 weekly publications located in Florida and North Carolina. The acquisition further expands Halifax Media’s reach in these states, following the January 6, 2012 purchase of the New York Times Regional Newspaper Group.

With the Freedom purchase, total circulation for the Halifax Media Group will grow to 635,000 daily and 752,000 Sunday.

Florida newspapers involved in the transaction include:

North Carolina newspapers include:

“What these newspapers have in common with the Halifax Media Group properties is this: They are the best and most reliable source for local news in their communities,” said Michael Redding, CEO of Halifax Media Group. “We believe in the future of newspapers, both in print and online. We have to be great at both. These newspapers embody Halifax Media Group’s philosophy for providing local news that no one else can deliver.”

About Halifax Media Group

Founded in 2010, Halifax Media is headquartered in Daytona Beach, Fla. The company’s investment group includes Stephens Capital Partners, JAARSSS Media, and Redding Investments. The group consists of 36 newspapers and affiliated websites, published in six states, primarily in the Southeast. Halifax Media’s strategy is to invest long-term capital in quality companies positioned in strong markets that are closely connected to the community.