The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Cox Enterprises Selling Austin American-Statesman, Valpak Direct Mail Unit, Other Assets

  • Comments Comments (View)
  • Text Size: A A

imageIt’s a buyer’s market for newspaper assets right now: Cox Enterprises is the latest to hang a for-sale sign on certain assets, as it’s announced plans to sell the Austin American-Statesman, affiliated site Austin360.com, as well as other standalone community titles in North Carolina, Colorado and Texas. In addition, it’s looking to sell of Valpak, the distributor of direct mail and coupon marketing. The company has hired Citi to manage the sale of the newspapers and Goldman for the sale of Valpak. Major titles remaining in the fold include The Atlanta Journal-Constitution, The Palm Beach Post, Dayton Daily News. It’s not clear how much the company is looking for, but it plans to use the proceeds to pay down debt—just like what’s been going on at Tribune. The company has also shown a willingness to be aggressive in new media investment, as it acquired ad platform Adify in April for $300 million. Release.

Aug 13, 2008 2:53 PM ET

Posted In: Media & Publishing, Newspapers, Money, M&A & Venture Capital, Mergers & Acquisitions, austin360.com, cox enterprises, valpak

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Android Apps (Free) Android Apps (Free)
1. Facebook for Android
2. Pandora® internet radio
3. Angry Birds
4. Words With Friends Free
5. Voxer Walkie-Talkie PTT
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff