GateHouse is buying The Palm Beach Post and Palm Beach Daily News in a deal worth $49.25 million, The Post reported.
Atlanta-based Cox Enterprises has owned the papers since 1969. The sale is expected to be finished by May.
"We see Palm Beach as another attractive and growing market that fits in well with our current Florida footprint," said Michael E. Reed, president and CEO of GateHouse's New York-based New Media Investment Group.
"We are so grateful to the talented team in Palm Beach for their relentless execution of quality journalism and service to the community," said Kim Guthrie, president of Cox Media Group. "When selecting a buyer for both papers, we sought a company that would build on their role as trusted local brands. We know The Post will make GateHouse proud."
The Palm Beach Post has daily print and paid digital circulation of around 80,000 and 102,000 on Sundays, according to the company.
The Palm Beach Daily News, also known as The Shiny Sheet, has a daily circulation of more than 4,500 and is printed daily from October to May and twice a week in the summer.
Dirks, Van Essen & Murray, a media merger and acquisition firm based in New Mexico, represented Cox Media Group in the transaction.
Cox will keep The Post's building at Dixie Highway and Belvedere Road in West Palm Beach, according to the Real Deal, which reports on Florida real estate.
GateHouse buys Massachusetts paper
GateHouse Media is buying The Gardner News, the GateHouse-owned Worcester Telegram & Gazette reports.
The family-owned Gardner News is distributed in Gardner, Ashburnham, Hubbardston, Phillipston, Templeton, Westminster and Winchendon, Massachusetts. Alberta S. Bell is president and publisher of the newspaper.
"I admire how The Gardner News has stuck to a winning formula. What a tremendous service this daily newspaper provides to Gardner and the surrounding towns. We are proud to continue Alberta's fine legacy of providing top-notch journalism to the greater Gardner community," said Kirk Davis, chief executive officer of GateHouse Media, in a prepared statement.
The purchase of the Gardner News follow GateHouse's acquisition of the Holden Landmark Corp., which had nine websites and six print newspapers: Worcester Magazine, The Landmark in Holden, the Millbury-Sutton Chronicle, the Leominster Champion, Bay State Parent and The Grafton News.
The parent company of GateHouse Media, New Media Investment Group of New York, is buying the Holden Landmark Corp. for $1.2 million.
"I look forward to working with the team at The Gardner News, getting to know the readers, advertisers, community stakeholders and continuing the winning ways of this great publication. This market has been well served with a dedicated staff of professionals and we are grateful for the opportunity to work alongside them," said Paul Provost, president of the Telegram & Gazette.
Wick Communications acquires Wenatchee World
The Wenatchee World, a Washington state paper that has been published by the Woods family for 111 years, has been sold to Wick Communications, a third-generation family-owned and operated media corporation of Sierra Vista, Arizona.
The sale was to take effect March 31. Terms of the deal were not disclosed.
"We are grateful to be able to hand the reins to another family-oriented company that shares our community-building values," said World Publisher Rufus G. Woods.
"We are honored to carry on the rich legacy and dedication of the Woods family and the great employees of The Wenatchee World in serving such a vibrant and exciting region," said Wick Chief Executive Officer Francis Wick.
The Wenatchee World is the first newspaper in the state of Washington for Wick. All employees of The World have been offered jobs with Wick Communications.
Rufus Woods, who has been publisher since 1997, will remain as a columnist for the newspaper. Jeff Ackerman, who has been a publisher at various newspapers, has been named publisher to succeed Woods.
Dirks, Van Essen & Murray, a media merger and acquisition firm based in New Mexico, represented the Woods family in the deal.