GateHouse Media, owner of The Helena-West Helena World (Arkansas), has a deal to sell the paper to local entrepreneur Chuck Davis, the paper reported. https://www.helena-arkansas.com/news/20190905/local-businessman-enters-into-agreement-to-purchase-world-continue-legacy
The transaction was expected to happen Sept. 9.
“This change in ownership will allow The Helena-West Helena World to continue serving this great community, and we are delighted that closure is being avoided,” said Matt Guthrie, GateHouse regional vice president.
“We need to control our own destiny,” Davis said of his investment. “Our investment group feels that the newspaper is an integral part of this concept.”
The Sept. 6 issue was the last Helena-West Helena World publication under GateHouse ownership. Davis said he plans to reboot weekly publishing and is looking at online publishing also, the paper said.
Existing subscribers to The Helena-West Helena World will get refunds from GateHouse Media no later than Oct. 6 for the balance of their subscriptions.