Cox finds buyers for two newspapers


Cox Enterprises announced deals to sell two of the newspapers it put up for sale nearly a year ago. Prices weren’t announced, but the latest papers to find buyers are the Waco (TX) Tribune-Herald and The Daily Sentinel in Grand Junction, CO.

Clifton Robinson, who said he has lived his entire life in Waco, is Chairman and CEO of Robinson Media Company, which is buying the Tribune-Herald.

Seaton Publishing Company is buying The Daily Sentinel through a new entity called Grand Junction Media, headed by President Ned Seaton. That deal also includes The Nickel, a shopper.

As announced in 2008, Cox Enterprises continues to market for sale its newspapers in North Carolina and Texas. Cox previously sold The Lufkin Daily News and The Daily Sentinel (Nacogdoches, Texas). Citigroup and Dirks, Van Essen & Murray have been retained to assist Cox Enterprises with the marketing of these assets.

According to the Financial Times, Cox is also shopping a majority stake in the Travel Channel, with a price take of $600 million or more. That has not been confirmed by the company.