The Rochester (Indiana) Sentinel has been purchased by Paxton Media Group from owner and Publisher Sarah O. Wilson, who along with her husband, Sentinel Editor W.S. Wilson, had been with the six-day daily since 1982.
John Thomas Cribb of Cribb, Greene & Cope represented the Wilson family in the sale. Cribb, Greene & Cope is a leading merger and acquisitions firm with offices in Virginia, Arkansas, Montana, and California.
Family-owned Paxton Media, headquartered in Paducah, Kentucky, publishes some 50 dailies and weeklies, including Indiana newspapers in Peru, Wabash, Marion and Huntington.
"This business combination provides the financial security needed to assure the Sentinel will continue to serve its community long into the future," said David Paxton, president and CEO Paxton Media Group.
Bill Hackney has been named publisher of The Sentinel, announced David Holgate, president of Paxton's Indiana Michigan Group.
"Bill has been with our company since 2011 in the role of publisher of LaPorte and Michigan City newspapers,” Holgate said. “Adding the additional responsibilities for the Rochester Sentinel is a natural progression for Bill. I am confident that our employees and the community will quickly learn what a quality person they have in Bill."
Hackney said he's excited to lead the Sentinel: "The Rochester Sentinel has a long history of being an integral part of the community and I look forward to seeing that continue."
"This is difficult and emotional because The Sentinel and its staff have been a big part of my life for as long as I can remember," Sarah Wilson said. "But nothing lasts forever. It is time for us to step aside and let the next generation take over."
Tracing its roots to 1858, the Sentinel is Fulton County's oldest continually-operated business. Sarah Wilson's father, Jack K. Overmyer, began working at the Sentinel while in high school, bought the paper in 1976 and passed ownership to her upon his death in 2010.
"Rochester has been good to The Sentinel family and we are most appreciative. We plan to continue to live here, " said Wilson.
"This is bittersweet," Wilson said. "But we feel confident The Sentinel will be in good hands with the Paxton Group." John Thomas Cribb of Cribb, Greene & Cope represented the Wilson family in the sale. Cribb, Greene & Cope is a leading merger and acquisitions firm with offices in Virginia, Arkansas, Montana, and California.