Tuesday, September 25, 2018

Business

APG buys paper chain in N.C., Fla.

MINNEAPOLIS — Adams Publishing Group, owner of the Leader-Telegram and many other newspapers, has bought assets of a media group in North Carolina and Florida.

APG’s purchase of Cooke Communications closed Friday, and the deal was announced Tuesday.

Included in the acquisition are the Daily Reflector, Greenville, N.C.; the Rocky Mount Telegram, Rocky Mount, N.C.; the Daily Advocate, Elizabeth City, N.C.; the Key West Citizen, Key West, Fla.; and several nondaily newspapers and websites.

“The Cooke newspapers are located in two of the most desirable, fast-growing areas of the United States, with a solid employee group we are eager to welcome aboard to our team,” Stephen Adams, APG principal, said in a news release.

Cooke Communications, which was founded in 2000, employs nearly 280 people.

Terms of the merger were not disclosed.

APG owns 30 daily newspapers, more than 100 nondaily newspapers and other media enterprises in 20 states and Washington, D.C.

From staff reports


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