The parent company of the Andover Townsman and North of Boston Media Group on Monday announced its merger with the owner of dozens of broadcast television stations.
Community Newspaper Holdings Inc. will operate as a subsidiary of Raycom Media after the merger, which is expected to be finalized at the end of this week. Both companies are based in Montgomery, Alabama.
The merger does not directly affect operations at the Townsman and its local sister newspapers, websites and magazines, said Karen Andreas, regional publisher of North of Boston Media Group.
"The Townsman will always focus on delivering local information that our readers want, need and value," Andreas said. "The merger is exciting, though, because it signals the potential for us to enhance our coverage with Raycom's vast digital and broadcast knowledge."
CNHI and Raycom Media are both private companies, and a joint announcement did not disclose financial terms of the deal.
In seven cases where markets for Raycom Media broadcast stations and CNHI newspapers overlap, newspapers will be sold to a third party, according to the statement. Those cases involve community newspapers in Alabama, Georgia, Oklahoma and southern Indiana.
Donna Barrett, CNHI’s president and CEO, said in a press release the merger combines “two award-winning media organizations with the common mission of delivering quality local news and information across print, broadcast and digital platforms.”
Pat LaPlatney, president and CEO of Raycom Media, noted each company values good local journalism, and the deal will enhance the news gathering and business efforts of both.
CNHI owns more than 110 newspapers, websites and niche publications in 22 states, according to the announcement. It bought the North of Boston Media Group from the Rogers family in 2005.
Raycom Media owns and operates 65 television stations and two radio stations in 44 markets.