DALLAS - American Consolidated Media LLC (ACM) of Dallas, through its wholly owned subsidiary Miami Newspapers Inc., announced Monday that it has purchased the publishing assets of the Grove Sun Newspaper Company LLC from The Peter M. Crow Revocable Living Trust. The purchase price for the transaction was not disclosed.
The Grove company publishes the Grove Sun Daily, a daily newspaper serving the community of Grove and the surrounding Grand Lake area in northeast Oklahoma; the Delaware County Journal, a weekly newspaper serving the community of Jay, the county seat in Delaware County, and surrounding communities in southern Delaware County; the South Grand Laker, a weekly newspaper serving the community of Langley in Mayes County and surrounding communities near Grand Lake; the Miami Sun, a weekly newspaper serving Miami, and Grand Lake Magazine, a quarterly publication serving the Grand Lake area.
The Grove Sun Daily was first published in 1898 and is the second-oldest newspaper in Oklahoma. The Delaware County Journal was first published in 1922.
In conjunction with this transaction, ACM announced the appointment of Michael G. “Mike Thornberry as regional vice president and publisher of the Grove Sun Daily.
Thornberry served from June 2003 through May 2007 as publisher and general manager at the Lone Star News Group, a division of Community Newspaper Holdings Inc., with responsibility for three daily newspapers, four shopper publications and three specialty publications located in northeast Texas. The three daily newspapers serve the Texas communities of Cleburne, Weatherford and Mineral Wells.
Prior to that position, Thornberry served as publisher at the Duncan Banner in Duncan from April 2000 to June 2003 and as publisher at the Coffeyville Journal in Coffeyville, Kan., from February 1991 to April 2000.
“American Consolidated Media is deeply flattered to have this opportunity to purchase the Grove Sun Daily, the Delaware County Journal and the other Grove publications, said Jeremy L. Halbreich, chairman of the board, president and chief executive officer of ACM.
“Pete Crow has owned and operated the Grove Sun Daily for the past 40 years and, in combination with his subsequent acquisition of the Delaware County Journal, he has provided a consistently high quality level of service and value to the readers and advertisers in Grove, Jay and the communities throughout Delaware County and the Grand Lakes region, Halbreich said.
“These publications and the service they provide the communities of Delaware County represent a great testimony to the hard work, dedication to this region of Oklahoma and true community service of Pete Crow, Carol Anne Crow, who has served as co-publisher since 1998, and the talented staffs of dedicated employees, he added.
“It has been a personal and professional pleasure to become better acquainted and work closely with Pete and Carol Anne, Halbreich said. “We are gratified by his confidence in us and in our organization as publishers of local, community newspapers to carry on his focus and tradition of community service to the area he has loved and supported, Halbreich concluded.
ACM is a wholly owned subsidiary of Macquarie Media Group (MMG), a publicly traded investment vehicle listed on the Australian Stock Exchange.
MMG is based in Sydney, Australia, and holds a portfolio of media businesses globally including 100 percent interest in Macquarie Regional Radioworks, owner and operator of 87 rural and regional radio stations located throughout Australia; 60 percent interest in Taiwan Broadband Communications, one of three leading cable television broadcasters in Taiwan, and 13.8 percent interest in Southern Cross Broadcasting, a publicly traded company with holdings in radio and television broadcasting located in the larger cities of Australia.
ACM owns and operates five daily newspapers in Alice, Brownwood, Stephenville and Waxahachie, Texas, and in Miami; 32 weekly publications in McAllen, Brownsville, Harlingen, San Benito-Los Fresnos, Laredo, Edinburg, Rio Grande City, Bonham, Fannin County, Midlothian, Ennis, Red Oak, Italy, Alvarado, Ellis County, Erath County, Brown County, Ballinger, Winters, Hearne, Franklin, Calvert, Robertson County, Orange Grove, Premont, Jim Wells County, Kingsville, Freer, Robstown and Nueces County, Texas, and Ottawa County and Picher, Okla.; and five specialty publications in Texas.