Cox selling 16 newspapers




Cox Enterprises Inc. has reached an agreement to sell three daily and ten non-daily newspapers in North Carolina to Cooke Communications LLC, a privately held family company headed by John Kent Cooke, who previously was part owner of the Los Angeles Daily News, the Washington Redskins and the Chrysler Building in New York City, according to a report in the Daily Advance, one of the publications being sold. Cooke’s eldest son, John Kent Cooke Jr., will become president of Cooke Communications North Carolina and publisher of the Daily Reflector, the report said. Earlier, Cox announced it would sell the Daily Sentinel, the Nickel (Grand Junction, Colo.) and the Waco Tribune-Herald as it seeks to pay down debt, Reuters reported. Robinson Media Co. will buy the Waco, Texas, newspaper; Grand Junction Media Inc., owned by Kansas-based Seaton Publishing Co., a family-owned business, will buy the other two papers. Also, Cox subsidiary Cox Communications will sell the Travel Channel in an auction, according to the Reuters report. (Sources: Daily Advance, July 20, 2009; Reuters, July 16, 2009.)

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