Calkins selling 6 newspapers near Pittsburgh, Philadelphia
Family-owned Calkins Media is selling its six remaining daily newspapers in the Philadelphia and Pittsburgh suburbs.
The company announced Monday that GateHouse Media is acquiring the Beaver County Times, Ellwood City Ledger, Bucks County Courier Times and The Intelligencer, all in Pennsylvania, and the Burlington County Times in New Jersey. A parent of GateHouse says the deal is worth $17.5 million.
Calkins says a sixth property, the (Uniontown) Herald-Standard, is being purchased by Wheeling, W.Va.-based Ogden Newspapers, which is headed by Pittsburgh Pirates owner Bob Nutting. Terms of that deal weren't announced.
Pittsford, N.Y.-based GateHouse is one of the nation's largest media companies, with 130 dailies before the acquisition.
Calkins board member Stan Ellis said the sole reason for the sale is “the economics in running a paper in today's world.”
The deals are expected to close June 30.