Columbus, IN, November 3, 2015 – AIM Media Indiana, LLC (“AIM” or the “Company”) announced today that is has acquired the print and online newspaper publishing assets and the commercial printing assets from Home News Enterprises, LLC (“HNE”) of Columbus, Indiana, according to John Cribb, Cribb, Greene & Cope who represented HNE in the transaction.
Terms of the transaction were not disclosed. In conjunction with the transaction, AIM announced that all Home News Enterprises employees will be hired and continue in their respective jobs and positions with the new Company.
“Home News Enterprises has long been one of the most respected and admired publishing and media companies in the United States,” said Jeremy L. Halbreich, Chairman and CEO of AIM and the former Chairman & CEO of Sun-Times Media LLC (Chicago), former Found, Chairman, President & CEO of American Consolidated Media (Dallas), and former President and General Manager of the The Dallas Morning News.
“I had the great pleasure and privilege of knowing Robert N. Brown and recently my associate Rick Starks (President and COO of AIM) and I have had the wonderful opportunity to become well acquainted with Jeffrey N. Brown. We have great admiration for Jeff and for his leadership at Home these past 20+ years and we are very flattered to have this opportunity to become directly involved with these important, high-quality, local journalism operations. We are also pleased to announce that Jeff will remain with the Company and retain his current set of operating responsibilities,” He added.
“The Brown family has demonstrated extraordinary commitment, support and leaderships to these local communities throughout their six generations of ownership. 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 publications to engage their local audiences and set the civic agenda and discourse in both online and print for the communities they serve,” Halbreich added. “These are important, impactful and attractive businesses located in an extraordinary and unique group of towns in southern Indiana,” Halbreich added.
“These publications and the service they provide their respective communities in Indiana represent a great testimony to the hard work, dedication and true community service established and maintained by the Brown family over many decades in conjunction with their talented staff of dedicated employees. We are gratified by the Brown family’s confidence in us as publishers of local, community newspapers to build on their heritage, traditions and focus on community service,” Halbreich concluded.
Jeff Brown added, “There comes a point in time in older multi-generational family businesses where family members, many of whom are in or near retirement, need to exit from their ownership in order to pursue other interests. AIM came to us with a compelling offer that helps to preserve HNE’s local autonomy. We came to appreciate AIM’s focus on the importance of local newspapers and our commercial printing operations. AIM brings the potential to continue HNE’s growth in both media properties and commercial printing services. Our family is incredibly appreciative of the support of our communities and our customers through the years. It’s been a great run and we know that AIM will continue in that same tradition.”
About AIM Media Indiana, LLC
AIM Media Indiana, LLC is an acquisition entity formed by Halbreich and Starks for the purpose of acquiring and growing the print, online and commercial printing operations of Home News Enterprises in and around the region. The new Company is an affiliate of AIM Media Texas, LLC and both entities are managed by AIM Media Management of Dallas, Texas where Halbreich serves and Chairman and CEO and Starks serves as President and COO.
The Company focuses on local content across all forms of media including print, online and video.
The Company recognizes the value and benefits that local news, information and advertising services bring to local communities and regional markets.
We are the leading information source in our communities. Through our demonstrated integrity and our dedicated and comprehensive approach to balanced and credible journalism, we earn the trust and support of local readers, viewers, businesses and advertisers.
About Home News Enterprises, LLC
Home News Enterprises is a family owned business and traces its origin to the inception of The Columbus Republican in Columbus, Indiana, founded in 1872 by Isaac T. Brown.
Over the last 143 years of operation, the company’s lineage of leadership survived 4 generational transfers with the appointment of Jeffrey N. Brown as President in 1998. HNE is in its sixth generation of family ownership. The early Columbus newspaper competed with a myriad of other publications all growing rapidly with the city. The Columbus Republic emerged as the surviving daily newspaper in the 1940s. Home News Enterprises was formed in 1962 as the basis of a company to grow its publication portfolio beyond Columbus including the growth of its commercial printing operation. Jeffrey Brown’s father, Robert N. Brown, was a pioneer in developing small newspaper offset printing technologies in the early sixties with the building of two architecturally significant newspaper printing plants that culminated in the awarding of the Columbus Republic Building to the National Register of Historic Places.
Home News Enterprises was represented by Cribb, Greene & Cope, a newspaper brokerage, appraisal and consulting firm with offices in Montana, Virginia and Missouri.