Randall Family LLC, owners of The Frederick (Md.) News-Post reached an agreement in principal to sell the newspaper and its commercial printing operation to the Nutting family-owned Ogden Newspapers Inc. of Wheeling,
W.Va., the two companies top executives announced March 15.
The announcement was made by Randall Family CEO Will Randall and Ogden President and CFO Bob Nutting. Gary Greene of Cribb, Greene & Cope is representing the Randall family in the pending transaction.
“Although these discussions are ongoing, we wanted to share this important and exciting news with employees and the community as soon as possible,” Randall said.
Ogden Newspapers is a strong, family-owned company that believes in community journalism and has the resources and expertise to maintain and grow The News-Post as a vital Frederick institution.
Should the discussions lead to a sale, Ogden Newspapers would publish the News-Post and operate the company’s commercial printing operations. Randall said that both companies had executed a letter of intent and were working toward executing an asset purchase agreement.
Randall is a fifth-generation member of the family that in 1883 founded what has become The Frederick News-Post. The Nutting family, owners of Ogden Newspapers, began in the publishing business in 1890 when they launched the Wheeling (W.Va.) News, where the company remains headquartered.
“Our two families have had a great deal of respect for one another for many years,” Randall said.
“My family is extremely proud to have the opportunity to become the successor publisher of the News-Post,” Bob Nutting said. “The Randall family has published a compelling, relevant, highly credible and valuable newspaper in Frederick for 134 years. We are honored that the Randalls are considering us to continue their great publishing tradition.”
Ogden owns two newspapers in the region, The Journal in Martinsburg, W.Va., and the Northern Virginia Daily in Strasburg. Ogden also publishes newspapers in Florida, Hawaii, Iowa, Indiana, Kansas, Michigan, Minnesota, New Hampshire, New York, North Dakota, Ohio, Pennsylvania and Utah. Its weeklies and magazines include Grit. The family is the majority owner of the Pittsburgh Pirates baseball franchise.