Durham newspaper sold to McClatchy Company

January 3, 2017 by  

A recent announcement was made by McClatchy Company in regard to its purchase of Durham’s The Herald-Sun from the Paxton Media Group.

Paxton, based in Paducah, Kentucky, has owned the paper since 2004. Although details of the transaction remained undisclosed, it was confirmed that the purchase price included all the paper’s assets, digital included.

McClatchy, which operates out of Sacramento, California, owns several newspapers in the Carolinas and is a prominent provider of print and digital news across the U.S.

The city of Durham has not been without a newspaper since 1889. CEO David Paxton of the Paxton Media Group assured the city’s residents that although the newspaper’s owner and letterheads may change, they could count on having a continually operating daily paper. Paxton, who is also the company’s president, expressed confidence that with the new owners at the helm, the paper’s position as a vibrant part in the local media landscape will grow.

Pat Talamantes, CEO and president of McClatchy, made the following statement:

“We’re grateful to Paxton Media Group for choosing McClatchy when it decided to sell. To be entrusted with the journalistic legacy of The Herald-Sun is a privilege. We look forward to serving The Herald-Sun’s readers and customers well.”

Paxton Media Group, which has been in the newspaper business since 1896, still operates over 50 community newspapers.

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