After more than a century of continuous family ownership and management by the Clyde and Bothwell families, the daily Tyler (Texas) Morning Telegraph has been sold to M. Roberts Media, another Texas family owned newspaper group.
In Texas, M. Roberts Media operates the Longview News-Journal, Marshall News Messenger, Panola Watchman and the Victoria Advocate.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented the seller, T.B. Butler Publishing Company, in the transaction. Terms of the transaction were not disclosed.
“To see an ownership transition to another family and community-minded operator is a great thing for our staff and customers,” said Nelson Clyde, publisher of the Tyler Morning Telegraph.
The Tyler Morning Telegraph has been in publication since 1929, but the company traces its roots to 1877, when two brothers, L. M. Green and J. P. Green, established the weekly Courier, which was converted to a daily newspaper in 1882.
Tyler attorney and businessman T.B. Butler acquired the newspaper in 1910.
“The ability to have had family ownership for 108 years is something our family has counted as a tremendous privilege and it’s a responsibility we’ve taken seriously,” Clyde said.
The sale is a reflection of the economic realities of operating a single-site newspaper property, Clyde said.
“This sale gives the product a path forward,” Clyde said. “We wish the M. Roberts Media family the best as they join this wonderful community.”
Stephen N. McHaney, president of M. Roberts Media and publisher of the Longview News-Journal, told the newspaper the arrangement cements the Tyler and Longview newspapers’ place as the dominant media players in the region while opening new avenues for them to better serve and promote East Texas through print, digital and face-to-face media.