Schurz Communications announced an agreement this week to sell its print division to GateHouse Media for $30 million, including 20 local and regional newspapers and several special publications across Indiana, Maryland, Michigan, Pennsylvania and South Dakota, Melynda Fuller reports for Publishers Daily.
The sale marks the end of the 147-year-old Schurz as a news outlet, since the Indiana-based company, once a Top 100 U.S. corporation, sold its television and radio stations to Gray Television in late 2015.
A Schurz press release said the company will now focus solely on "cloud and managed IT services and broadband operations." The company has purchased four broadband companies and is finalizing the purchase of a fifth.
The sale marks the end of the 147-year-old Schurz as a news outlet, since the Indiana-based company, once a Top 100 U.S. corporation, sold its television and radio stations to Gray Television in late 2015.
A Schurz press release said the company will now focus solely on "cloud and managed IT services and broadband operations." The company has purchased four broadband companies and is finalizing the purchase of a fifth.
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