Morris Communications is selling its 11 daily newspapers and other publications in those markets to New Media Investment Group, the parent company of GateHouse Media Inc. New Media said Wednesday it purchased Morris Publishing Group, the newspaper division of Georgia-based Morris Communications, for $120 million.
The sale includes The Topeka Capital-Journal and daily newspapers in Georgia, Florida, Texas, and Alaska. A news release said it should be finalized in October. GateHouse Media owns more than 130 daily newspapers and other publications in 36 U.S. states.
William S. Morris III, chairman of Morris Communications, will remain publisher of The Augusta Chronicle. Morris Communications, a family-owned media company, will still publish magazines, sell broadband services and operate other business ventures.
