Seacoast buying 143-year-old Foster’s Daily Democrat
Foster’s Daily Democrat in Dover, N.H., announced that the 143-year-old family daily will be sold to New Media Investment Group parent Seacoast Media Group of Portsmouth, N.H. Seacoast publishes rival newspaper the Portsmouth Herald.
The announcement was made in a letter to employees. Financial details were not disclosed.
Seacoast has been printing the Daily Democrat for more than a year and began delivering the paper to homes and retail locations in June.
Patrice D. Foster, the company’s current president and publisher, represents the fifth consecutive generation of Foster family ownership of the paper.
“We believe we have found a successor who will work to preserve and continue the relationships with both our employees and our community that we in the Foster family have proudly cultivated and served for over 143 years,” Foster wrote in the letter to employees. “With our support, they will continue to publish under the Foster’s Daily Democrat banner, hopefully for a long time to come.”
Besides the 12,500-circulation flagship paper, the Foster’s group publishes the Sunday Citizen, the weekly Sanford (Maine) News and the Rochester (N.H.) Times, as well as niche publications and Fosters.com
In addition to the Portsmouth Herald, Seacoast publishes the twice weekly Exeter News-Letter and Hampton Union in New Hampshire, the York County Coast Star and York Weekly in Maine, and Seacoastonline.com.
Walsworth Buying, Relocating Equipment from Defunct Panama City, FL-Based Boyd Brothers Printing
The acquisition of these assets was made possible when Boyd Brothers President and Owner Jim Boyd Jr. announced to his employees the commercial printing company is closing.
“The strength of our business has always been the professionalism of our employees and the loyalty of our customers,” said Boyd. “Unfortunately, due to the changing dynamics of the industry and lack of access to capital, Boyd is forced to close its doors.”
Boyd Brothers Printing is working with Walsworth in winding down its operations in an orderly manner to mitigate impacts on employees, customers and vendors.
Walsworth is expected to relocate several presses, bindery equipment and other ancillary items to its production facilities in Missouri and Michigan.
“This equipment will enhance our competitiveness and give us additional capacity for our Commercial and Yearbook divisions,” said Don Walsworth, president of Walsworth.
The relocation of the manufacturing equipment is expected to occur during the first quarter of 2015.