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.”
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