Yesterday we reported on the Augusta-based Morris Communications Co. sale of the Augusta Chronicle along with 10 other daily and non-daily newspaper holdings and other related publications to GateHouse Media Inc. for $120 million.
Morris says the transaction is part of the company’s strategic restructuring to focus its business on lifestyle and niche publications, broadband operations, property development and new business. It is expected to be finalized on October 2nd. But now the focus turns to GateHouse, its business model and its future plans.
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