Schurz to Offload Publishing Division
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowMishawaka-based Schurz Communications Inc. has announced plans to sell its publishing division to GateHouse Media LLC in New York. The division includes nearly 20 regional newspapers and special publications in five states, including the South Bend Tribune and The Herald Times in Bloomington.
The announcement comes nearly six months after Schurz completed its acquisition of Orange County Publishing. The communications company says it plans to continue investing in the areas of cloud and managed IT services and broadband operations.
Todd Schurz, president and chief executive officer of Schurz Communications, said in a news release the move is a "natural next step forward" for the company.
"Our leadership team, Board of Directors and ownership group are dedicated to helping the company stay true to its roots of fostering communication and connections while charting a successful course for the future," said Schurz. "We will continue to explore the types of investments that support our commitment to technology and anticipate adding new employees to our team and new companies to our portfolio in the near future."
Some of the publications involved in the sale include:
- The Times-Mail, Bedford, IN
- The Herald Times, Bloomington, IN
- The Reporter Times, Martinsville, IN
- The Mooresville-Decatur Times, Mooresville, IN
- Notre Dame Insider, South Bend, IN
- South Bend Tribune, South Bend, IN
- Evening World, Spencer, IN
- The Hoosier Topics, Cloverdale, IN
- The Herald-Mail, Hagerstown, MD
- The Charlevoix Courier, Charlevoix, MI
- The Gaylord Herald Times, Gaylord, MI
- The Petoskey News-Review, Petoskey, MI
- The Daily American, Somerset, PA
- Farm Forum, Aberdeen, SD
- The American News, Aberdeen, SD
- The Public Opinion, Watertown, SD
Financial terms of the deal are not being disclosed. The South Bend Tribune reports the sale is expected to close Friday.