Paxton Media Group has acquired The Batesville (Arkansas) Daily Guard from the Jones family.
Randy Cope of Cribb, Greene & Cope, the merger and acquisition firm with offices in Missouri, Virginia, and Montana, represented the Jones family in the transaction. No financial terms were disclosed.
Family-owned Paxton Media, headquartered in Paducah, Kentucky, owns more than 36 daily newspapers, a television station and numerous weekly publications across North Carolina and Tennessee.
“We are grateful that the Jones family has entrusted us with the stewardship of the Batesville Daily Guard,” said David Paxton, president and chief executive officer of Paxton Media Group. “It is an award winning newspaper with a proud history of serving Independence County. This business combination will provide the financial security to ensure the newspaper will continue to serve the community with quality local journalism long into the future.”
The Daily Guard will join other Paxton publications in the Arkansas/Louisiana/Mississippi division of Paxton Media Group, managed by Group Publisher David Mosesso. That group includes six other dailies, four of which are in Arkansas. The Arkansas dailies include The Sun in Jonesboro; The Daily Citizen in Searcy; The Daily Press in Paragould, and The Courier in Russellville.
“The Daily Guard will be in a better position to serve readers and advertisers by combining its strengths with those of other Paxton newspapers in the area,” said Jamie Paxton, vice president of Paxton Media Group.
“We welcome and embrace this new member of the Paxton family,” Mosesso said. “Newspapers are our core business and we take that role seriously by producing the best possible community newspaper serving our readers and our advertisers.”