The following excerpt was sent out from businessnc.com:
North State Media, which owns the North State Journal and some community newspapers in central North Carolina, acquired a Charlotte printing plant that The Wall Street Journal developed in 1982 and sold to the Charlotte Observer’s parent company in 2013.
A Mecklenburg County filing shows North State Media paid $4.65 million for the property in November. North State President Neal Robbins announced the purchase this week. He says he approached McClatchy, which owns the newspapers in Raleigh and Charlotte, about buying the plant. Its 30 employees will remain on staff, he says.
To run the new “Charlotte Publishing Company,” Robbins hired veteran McClatchy executive William King as chief operating officer. King has 34 years of experience in newspapers, most recently as a regional vice president for McClatchy.
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