By 1808Delaware; News Release
The race to build publishing conglomerates continues in Ohio, as AIM Media Midwest, LLC is growing again by purchasing two media publications in northwest Ohio.
AIM Media is the current owner of the Delaware Gazette. The Gazette was sold out of family ownership back in 2004. The new acquisitions are also leaving similar settings.
AIM Media Midwest, LLC has acquired the publishing assets of Bryan Publishing Company and Napoleon, Inc. serving the communities of Bryan and Napoleon located in northwest Ohio, it was announced recently.
The sellers, Christopher Cullis and family of Bryan Publishing Company and Napoleon, Inc., were represented by Jeffrey Potts of Cribb, Cope & Potts. CCP is a leading merger and acquisition firm for the newspaper industry with offices in Montana, California and Arkansas. Terms of the transaction were not disclosed.
“The newspaper business in Bryan and Napoleon has been good to my family, but I have realized in the last three years that it is time for me to exit the business, Cullis said. “I believe AIM Media, under Jeremy Halbreich and his team, will do a good job of representing our communities now and in the future. I appreciate all the people, past and present, who have made the newspapers a continued success over the years.”
The publications and affiliated web-sites included in the transaction are the daily newspaper The Bryan Times and www.bryantimes.com, serving Bryan and surrounding Williams County, the daily newspaper Northwest Signal and www.northwestsignal.net, serving Napoleon and surrounding Henry County, and a variety of other specialty and periodic publications.
“These publications have long been respected and admired across the State of Ohio and they remain closely connected and affiliated with their respective, local communities,” said Jeremy L. Halbreich, Chairman and CEO of AIM Media Management.
“Christopher Cullis and his family have served these communities extremely well since 1949 and we salute them for their many years of dedication and commitment,” said Halbreich. “It is our goal and strongest desire to continue this community service and we look forward to providing the guidance and direction necessary for these two publications to engage their local audiences and to set the civic agenda and discourse in both online and print,” Halbreich added.
“All of us at AIM Media welcome Bryan and Napoleon to our Ohio family that already includes the nearby publications serving Swanton, Wauseon, Bowling Green and Lima along with many other locations in western and central Ohio,” said Rick Starks, President & COO of AIM Media Management.
