Horizon Publications has acquired The Shelby Daily Globe Inc., which includes The Shelby Daily Globe, the Willard Times-Junction, The New London Record, Firelands Farmer and the Shopper’s Helper from Scott Gove and the Stambaugh family.
The sale was reported by Randy Cope of Cribb, Greene & Cope who represented the families. Terms were not disclosed.
Horizon Publications owns community newspapers across the U.S., including the Ohio newspapers the Wapakoneta Daily News, The Evening Leader in St. Marys and The Community Post in Minster.
Members of the Gove family have been active in the ownership of The Shelby Daily Globe Inc. newspapers for nearly 60 years. The Stambaugh family traces its interest back to 1900 when the Daily Globe was founded.
“We appreciate Mr. Gove and the Stambaugh family allowing us to continue the stewardship of these publications,” said B.J. Riley, group publisher for Horizon Publications in Ohio and Indiana. “We look forward to working with the employees and with the community to continue to publish quality products and serve the customers and readers of these communities.”
Scott Gove said the selling families appreciated “the emphasis Horizon places on community journalism and the important role newspapers play in the areas they serve. For many years it has been our privilege and responsibility to perform these functions in the Shelby, Willard and New London areas.”
Cribbs, Greene & Cope is a merger and acquisition firm with offices in Arkansas, Virginia, California, and Montana.