Journal Communications Sells Select Assets
MILWAUKEE—The community newspapers and shoppers subsidiary of Journal Communications has agreed to sell its publishing and printing assets in Vermont, Connecticut and Ohio. The sales price for these assets, including an earlier sale of Louisiana-based holdings, is roughly $30 million.
Journal Community Publishing Group signed definitive agreements to sell its Connecticut and Vermont clusters to Hersam Acorn Community Publishing. The operations being sold consist of two printing facilities, 11 community newspapers and five shoppers. The Connecticut operations do business under the names Trumbull Printing and Hometown Publications.
In a separate deal, Journal Publishing sold its central Ohio advertiser network that consists of a commercial printing business—Advantage Press—eight weekly shoppers and specialty print products.