KERA News acquires Texas community newspaper

The following excerpt was sent out from keranews.org, an NPR outlet in North Texas:

KERA has officially acquired The Denton Record-Chronicle, Denton County’s primary source of local news.
As part of the acquisition through a wholly owned LLC subsidiary, the newspaper has converted to a nonprofit, within the KERA ecosystem, which also includes KERA TV, KERA News, KXT 91.7, and WRR 101.1. KERA first announced it was in the early stages of discussions to obtain the paper last year.
“We are so excited to preserve and grow The Denton Record-Chronicle,” says Nico Leone, President & CEO of KERA. “Our two organizations share a common goal and purpose in this partnership — to keep local news in local hands in Denton County. It really is an honor to take this step together.”
“I am so excited about the opportunity to grow community journalism with KERA,” says Bill Patterson, Publisher of The Denton Record-Chronicle. “This partnership is a win for our two organizations, but more importantly a win for the citizens of Denton and Denton County.”
With the acquisition, the two newsrooms will share resources and expertise for greater collaboration, not only maintaining reliable news in Denton County, but also making Denton news more accessible to a wider audience in North Texas. While subscribers of The Record-Chronicle can continue to receive news as they know it uninterrupted, this new phase offers exciting growth opportunities for both organizations. This collaboration will allow The Record-Chronicle’s staff to share reporting with the KERA newsroom, reach listeners on-air via KERA News 90.1, join podcasts and more.