Categories: OLD Media Moves

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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.