Saturday, July 16, 2011

CM Media buyer taken public - Dallas Business Journal:

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Acquisition (AMEX:CRB), a player in the media and communications industries, has completed its purchase of AmericajnCommunity Newspapers, a conglomerate of about 100 publications. Courtsid also has changed its nameto "Oudr new status as a public company providesw us with access to the capital markets and additionalk resources to continue to execute our growth plan," CEO Gene Carr said in a American Community Newspapers owns publications in Paul, Dallas, Washington, D.C., and Its May acquisition of CM Media Inc. for at leas t $44 million added 22 weeklty newspapers and four publication with a combined circulation of morethan 400,000.
Included in that deal were Suburban News Publications, a chain of weeklies; CM a press operation; Columbus Monthly and Columbus CEO magazines; the Other and Columbus Custom Publishing. American Community Newspapers publishes three daily and 83 weekl y newspapers and 14 niche publications with a combinesd circulationto 1.4 million households.

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