Categories: OLD Media Moves

Inside Tucson Business is sold to newspaper chain

Wick Communications Thursday announced a deal in principle to sell Tucson Weekly and Inside Tucson Business to 1013 Communications, a Colorado-based newspaper chain, for an undisclosed amount.

A story on the Inside Tucson Business website states, “Wick CEO Tom Yunt made the announcement to employees at a company-wide staff meeting, saying the deal is expected to be finalized by the end of April. About 25 people work for both newspapers. Wick is retaining its ownership of the Daily Territorial, which publishes mostly legal notices.

“Terms of the deal were not disclosed.

“The purchasing company last week announced it had purchased the Marana News, Foothills News, Desert Times and their related websites from Tucson West Publishing, Inc. a division of News Media Corporation.

“The company also owns the Explorer newspaper in Oro Valley.

“Its Arizona Local Media group includes the Pulitzer Prize-winning East Valley Tribune, the Daily News-Sun, Glendale Today, Peoria Today, Surprise Today, Ahwatukee Foothills News, Clipper Marketplace and U and Your Home in Phoenix, together with the Arizona Interactive Media Group. The company also publishes 40 newspapers in Texas through Star Local Media in Dallas and its Houston Community Newspapers group.”

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.

Recent Posts

Fields joins Octus, formerly Reorg, as senior private credit reporter

Dayna Fields has been hired by Octus, formerly known as Reorg, as a senior private credit…

9 hours ago

Rembert returns to Bloomberg to cover municipal finance

Bloomberg News has hired Elizabeth Rembert to cover municipal finance. She will start Dec. 16 and be…

11 hours ago

Bloomberg taps LaCapra as team leader for leveraged finance and private credit

Michael Tsang, managing editor of the markets editing hub at Bloomberg News, sent out the…

11 hours ago

ProPublica hires Asher-Schapiro

Avi Asher-Schapiro, a tech correspondent for the Thomson Reuters Foundation in Los Angeles, has been…

11 hours ago

MLex hires Dinzeo to cover data privacy and security

MLex has hired Maria Dinzeo as a senior data privacy and security reporter. She will start next…

14 hours ago

ProPublica hires Bing from Reuters

ProPublica has hired Reuters cybersecurity reporter Christopher Bing as a reporter in its Washington bureau. He…

14 hours ago