BH Media buys Virginia daily
BH Media Group acquired The Free Lance-Star in Fredericksburg, Virginia from Sandton Capital Partners.Fredericksburg.com and Paint Innovators were also included in the transaction.
The Free Lance-Star is a daily newspaper serving Fredericksburg, Spotsylvania, Stafford, King George, Caroline, Orange, Culpeper, Westmoreland, Fauquier and Louisa with a circulation of 31,700. Meantime, Print Innovators is a regional/national commercial printing operation that prints The Free Lance-Star and a number of other regional publications.
“We are pleased to see FLS transitioning to such a well-respected, strategic operator in the community newspaper space,” said Rob Orr, managing director at Sandton Capital Partners. “The employees of FLS, and the community it serves, will be beneficiaries of BG Media’s stewardship for many years to come.”
Omaha-based BH media Group owns 32 daily and weekly newspapers in Nebraska, Iowa, Texas, Oklahoma, Virginia, North Carolina, South Carolina, Alabama, Florida and New Jersey.
Sandton Capital Partners was represented by Dirks, Van Essen & Murray. Terms of the transaction were not disclosed.