Adams Publishing Group has purchased the assets of Cooke Communications LLC, based in Greenville, North Carolina, and in Key West, Florida, including iwwts print publications, websites and commercial printing operations.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented Cooke Communications in the transaction. Terms of the sale, which closed Aug. 31, were not disclosed.
Newspapers included in the sale are three North Carolina publications, The Daily Reflector in Greenville; The Rocky Mount Telegram; and The Daily Advance in Elizabeth City. The Key West (Florida) Citizen and several non-daily newspapers and websites were also included in the sale.
Cooke Communications is a family-owned company founded by John Kent Cooke, Sr. and his family in 2000.
“We believe Adams Publishing will be a good fit for our newspapers, as the Adams family has shown a strong commitment to its employees and to the communities its newspapers serve. APG focuses on providing timely, valuable and trustworthy local news and information for citizens and businesses in its communities,” John Kent Cooke, Sr., John Kent Cooke, Jr. and Thomas Kent Cooke said in a joint statement.
“The Cooke newspapers are located in two of the most desirable, fast-growing areas of the United States, with a solid employee group we are eager to welcome aboard our team,” APG principal Stephen Adams said.
APG publishes 30 daily newspapers and more than 100 non-daily newspapers operating in 20 states and the District of Columbia. Other Adams family enterprises include outdoor advertising, radio, wine, and Camping World/Good Sam.