Business newspaper in Florida is sold

Financial News & Daily Record 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.”

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.