Record #:

7001

Author(s):

Morgan, Fiona

Abstract:

In January, 2005, the sale of the 50,000--circulation Durham daily, The Herald-Sun to the Paxton Media Group of Paducah, KY was completed. Sources inside the media industry say the Kentucky newspaper chain paid $125 million, or twice what analysts estimated the Durham paper was worth. Morgan discusses the sale and its impact on the newspaper staff and future direction of the paper.

Source:

Independent Weekly (NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 22 Issue 2, Jan 2005, p14-15, 17

Subject(s):

The Herald-Sun (Durham); Newspapers--Durham