Shearman Company has a deal to sell the assets of the American Press in Lake Charles and Southwest Daily News in Sulphur (Louisiana) to Carpenter Newsmedia, an affiliate of Boone Newspapers. The assets include its print publications, websites and commercial printing business.
Media merger firm Dirks, Van Essen & April, based in New Mexico, is representing Shearman Company in the transaction. Terms were not disclosed.
BNI and CNL own and/or manage 74 related papers along with websites, shopping guides and magazines in Alabama, Georgia, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Virginia, North Carolina, Ohio, Tennessee and Texas. Their Louisiana papers include the Bogalusa Daily News and L’Observateur in LaPlace. They publish the Orange Leader (Texas) and the Port Arthur News (Texas), which are printed in Lake Charles.
The Shearman family owned the American Press since 1943.
“We are pleased and humbled to succeed the Shearman family in responsibility for the American Press and Southwest Daily News,” said Todd Carpenter, president and CEO of BNI and owner of CNL.