Bliss Communications Inc. has sold the assets of Monroe Publishing LLC, publisher of the daily The Monroe (Wis.) Times, to Morris Newspaper Corporation of Wisconsin, a division of Savannah, Ga.-based Morris Multimedia Inc.
Included in the sale were two free weeklies, the Monroe Shopping News and Freeport Shopping News.
The transaction was announced by John Cribb of the brokerage Cribb, Greene & Cope, who represented Bliss in the deal. No financial terms were disclosed.
“The Monroe Times has been an important part of Bliss for over 28 years as has the Monroe and Freeport Shoppers for over 13 years,” Sidney H. “Skip” Bliss, president of Bliss Communications, said in a statement. “We have enjoyed our relationship with the city of Monroe and the surrounding communities in Green County and in Freeport, IL, and the terrific employees of these organizations. However, this sale represented an opportunity for me to pass the ownership of these great publications to a media company committed to quality community based journalism”
In a statement, Charles H. Morris, president of Morris Multimedia, said, “We are pleased to welcome the Monroe and Freeport publications and employees to our locally managed, growing Wisconsin group. We continue to have interest in markets like Monroe that maintain a strong local identity and in which a local newspaper and digital platforms remain vital community contributors.
“Though it remains a challenging time in the ever changing media space, locally focused, locally run publications and digital products in markets like Monroe, Wisconsin continue to have a bright future.”