Arkansas Business is being sold to its president
The Arkansas Business newspaper is being sold to the company’s president Mitch Bettis by its current owner, according to a story on its website.
Lance Turner writes, “The sale includes Arkansas Business newspaper, Little Rock Soirée magazine, Little Rock Family magazine and Flex360, a web development company and digital marketing agency, and other print and digital products in the ABPG family.
“Financial terms of the deal, effective Feb. 28, were not disclosed.
“With the purchase, Bettis will become president and CEO of ABPG, a company Farrell founded in 1995 but whose roots go back to 1984 and the founding of Arkansas Business as part of the Arkansas Writers Project. Farrell, who has been CEO of the company, will retire.
“‘It became my dream to own a publishing company when I was a paperboy for my hometown newspaper in seventh grade,’ Bettis said. ‘To be able to do that here with such an exceptional team and unique products is really a dream come true.'”
Read more here.