Thursday, May 28, 2009

Southern Newspapers still believes in newspapers (of the small variety)

It's almost impossible to sell a newspaper these days.

They're money-losers, for the most part.

Still, Southern Newspapers, a Houston-based company that owns my hometown paper, The Baytown Sun, and The Facts, which is published in Clute and covers southern Brazoria County, along with some other "community newspapers," the biggest of which is The Galveston County Daily News, has purchased two small dailies owned by Cox Newspapers, which is trying to desperately to get out of the news business (except for the Atlanta Constitution, even though bleeds barrels of red ink every week.)

We don't know what Southern paid for the Lufkin Daily News and the The Daily Sentinel in Nacogdoches.

But it's becoming clear that Cox can't sell the Austin American-Statesman for what it thinks it's worth.

1 comment:

Jubilation T. Pinebreath said...

I am not too familiar with the Facts, Galveston DN or Baytown Sun with the exception of some present and past personnel. As a Cox retiree, I am familiar with these properties though and believe Southern has acquired two very fine, long-running community dailies. I just hope that Southern turns out to be a good fit for the Lufkin and Nacodgoches newspaper folks as well as the residents of that area. The Statesman, Waco Trib, and others are on their own.