The Financial News & Daily Record in Jacksonville, Florida, has been sold to new owners with a business journalism background, reports Roger Bull of the Florida Times-Union.
Bull writes, “Observer Media Group has 10 weekly newspapers including The Business Observer, which has four offices from Tampa to Naples. The Business Observer’s motto is ‘Florida’s newspaper for the C-suite,’ meaning those in the highest corporate offices.
“Two of the group’s weekly newspapers are on the East Coast in Ormond Beach and Palm Coast.
“The price of the sale, which included the Daily Record and the monthly Realty-Builder Connection, was not disclosed, but Bailey will keep ownership of the newspaper’s building at 10 Newnan St. downtown.
“Matt Walsh, CEO of the Observer Media Group, has a long history in Florida journalism. He was assistant business editor at The Miami Herald, editor of Florida Trend magazine for seven years and Southeast bureau manager of Forbes magazine.”
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