ECM presses to buy Minnesota Sun chain
January 19, 2012 by James
Negotiations are under way between ECM Publishers of Coon Rapids and American Community Newspapers II (ACN) to purchase Minnesota Sun Newspapers.
A letter of intent was delivered by ECM and accepted by ACN, but talks continue.
“This potential combination promises vital hometown journalism for scores of suburban communities,” said Julian Andersen, CEO and Chairman of ECM.
ECM began as a weekly in Princeton and over the past 35 years has grown to a company delivering 21 different publications with a circulation of more than 300,000 homes in Minnesota. Andersen stated that if the deal proceeds, the company will still provide an excellent product and online delivery of information to the communities in their reach.
An agreement is supposed to be inked before the end of the year.
Minnesota Sun Newspapers spokesman, Jeffrey Coolman, said the merger will combine a talented team from both firms to create one of the largest and most effective community paper groups in the Minnesota region. Between a commitment to exceptional journalism and a deep desire to develop exciting print and digital products, the merge will add
“tremendous synergy to the marketplace.”
It was Princeton business man, Elmer L. Andersen, who founded ECM in 1976, after serving Minnesota as state legislator and governor. He was instrumental in opening a commercial web printing plant in Princeton, specializing in everything from banner printing to digital business card technology, acquiring more newspapers along the way.
A merger would signal the end of the Andersen family ownership.