In a transaction with GateHouse Media, Paxton Media Group has bought the Log Cabin Democrat, a daily newspaper in Conway, Arkansas, along with three Arkansas weeklies in Clinton, Heber Springs and Newport.
“This business combination creates a strong regional presence for us as it fits in well with our other properties in Central and Northeast Arkansas,” Paxton CFO Jamie Paxton said.
The weekly newspapers included in the deal are the Van Buren County Democrat in Clinton, The Sun Times in Heber Springs and the Newport Independent.
David Meadows, publisher of The Courier in Russellville, has been named to the same role for the Log Cabin Democrat, said David Holgate, PMG Community Newsgroup LLC Group president.
“I am happy to announce David Meadows as the new publisher of the Log Cabin Democrat. With David’s time in this part of Arkansas, the fit is natural,” Holgate said. “I am confident the community will quickly learn what a quality person they have in David.”
Meadows said he’s excited about joining the newspaper. “The Courier in Russellville is fortunate to be the contract printer for the Log Cabin, giving us a unique perspective on how the combined strength of both papers might better serve readers and advertisers.”
“It has been a privilege to own these newspapers and be an important part of the lives of people in central Arkansas,” said Matt Guthrie, regional vice president of GateHouse Media. Paxton Media is a company that truly values journalism and is sure to continue the mission of serving these communities well,”
Fouinded in 1879, the Log Cabin Democrat publishes a print edition six days a week, Tuesday-Sunday, and hosts an online edition at www.thecabin.net.
Randy Cope of the merger and acquisition firm Cribb, Greene & Cope, represented GateHouse Media in the transaction.