Halifax Media Group
November 8, 2012
November 8, 2012
PRESS RELEASE Contacts:
For Halifax Media Group
Michael Redding, 386-265-6810; michael.redding@halifaxmediagroup.com
Lori Catron, 386-265-6830; lori.catron@halifaxmediagroup.com
Halifax MediaGroup Closes Sale of the Santa Rosa Press Democrat and its affiliated publications to Sonoma Media Investments, LLC
DAYTONA BEACH, FL, November 8, 2012 - Halifax Media Group today closed the deal to sell the Santa Rosa Press Democrat and its affiliated publications to Sonoma Media Investments, LLC. Halifax Media purchased the Press Democrat, The Petaluma Argus-Courier and North Bay Business Journal in January, 2012 from the New York Times Company as part of an acquisition that included 16 publications.
"The significant investment by Sonoma Media to buy our California businesses shows confidence in newspapers and that they are a solid investment," said Michael Redding, CEO of Halifax Media Group. "This new group of investors isn’t just interested in buying the businesses, they are also interested in growing the business. We wish Sonoma Media and the great employees all the best."
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 33 newspapers and affiliated websites, published in five states 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.