Paxton Media Group has bought the daily Goldsboro (North Carolina) News-Argus from family-owned Wayne Printing Company.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented Wayne Printing Co. in the transaction. Terms were not disclosed.
“We are gratified for the opportunity to assume stewardship of The News-Argus,” said David Paxton, president and CEO of Paxton Media Group. “It is an award-winning newspaper with a proud history of serving Wayne County.”
The News-Argus will join other Paxton publications in the North Carolina/Tennessee/Georgia division of Paxton Media Group, managed by Group Publisher Rick Bean. That group includes 11 other dailies, seven of which are in North Carolina. The North Carolina dailies include The Daily Dispatch in Henderson; The Sanford Herald; The Enquirer-Journal in Monroe; News-Topic in Lenoir; The Daily Courier in Forest City; The Daily Herald in Roanoke Rapids; and The High Point Enterprise. There also are several weekly newspapers in the division.
The News-Argus had been owned by the Buchheit and Tanner families since the 1950s. The transaction also included yellow pages operations in the region.
The News-Argus will be in a better position to serve readers and advertisers by combining its strengths with those of other Paxton newspapers in the area, said Jamie Paxton, vice president of Paxton Media Group.
“This business combination provides the financial security needed to assure The News-Argus will continue to serve residents of Wayne County long into the future,” Paxton said.
In a statement, Hal Tanner III, president and publisher of Wayne Printing Co., said, “The Tanner family has proudly been a part of the Wayne County and Goldsboro communities for more than 65 years when my grandfather began as publisher in 1953.”
He said, “Anticipating my father’s retirement as publisher, Leigh and I were excited about coming home to Goldsboro to assume that role. It has truly been a privilege to serve as publisher of this fine newspaper and an honor to work with such dedicated and talented employees. The News-Argus team continues to adapt to the ever-changing digital landscape without a loss of focus on our core print products.
“Joining Paxton Media Group is a very positive development. David and Jamie Paxton are astute newspaper operators and are well respected in the industry,” he added.
Paxton Media, a family-owned company headquartered in Paducah, Kentucky, owns more than 35 daily newspapers, a television station and numerous weekly publications across Arkansas, Georgia, Indiana, Illinois, Kentucky, Louisiana, Michigan, Mississippi, North Carolina and Tennessee. Fourth- and fifth-generation family members manage Paxton Media.