Paxton Media Group is acquiring Landmark Community Newspapers. The sale includes all 47 newspapers in the Landmark chain, which is based in Shelbyville, Kentucky. Landmark’s Kentucky publications include Elizabethtown, Shelbyville, Shepherdsville, Lebanon and Bardstown. In addition, Landmark owns properties in Florida, Indiana, Iowa, New Mexico, North Carolina, South Carolina and Virginia.
Paxton runs around 120 publications in 14 states. The Paducah, Kentucky based firm also owns WPSD-TV in Paducah. The firm plans to take over Landmark operations in early June.
“We are very excited to add these newspapers into the PMG portfolio. PMG believes strongly in the value of local newspapers and the vital role they play in the communities that they serve. We appreciate Landmark choosing us to be the new stewards of these important community assets.”
Jamie Paxton, PMG president and CEO
Dirks, Van Essen & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented Paxton Media Group in the transaction. Terms were not disclosed.
