Swift Sells Local Media Assets to Ogden Newspapers | national news
ASPEN, Colo. (AP) – Swift Communications, which owns a range of daily and weekly newspapers in the Western United States, announced on Tuesday that it was selling its local media and publishing operations to West Virginia-based Ogden Newspapers .
With the acquisition, Ogden Newspapers will publish 54 dailies and a number of weeklies and magazines in 18 states, according to Aspen times, which is owned by Swift. The terms of the deal, which is slated to close on December 31, have not been released.
Swift Communications was founded in 1975. The family business has published magazines, newspapers, websites, book editions and other digital products in several western states including Colorado, Utah, South Dakota and California. It also publishes a handful of national magazines and journals, including Goat Journal and Backyard Poultry Magazine.
“We know now is the time to hand over the stewardship to the new owners who can carry out this important mission,” said Bill Waters, CEO and Chairman of the Board of Swift Communications, announcing the OK.
Swift’s Colorado publications include The Aspen Times and Snowmass Sun, Glenwood Springs Post Independent, Vail Daily, Summit Daily News, Steamboat Pilot, Craig Press, and Sky-Hi News near Winter Park. Swift also has publications and offices in Park City, Utah; Lake Tahoe and Grass Valley, California; and Carson City, Nevada.
Robert Nutting, CEO of Ogden Newspapers, said he is committed to the industry and understands the vital role of community newspapers.
“Our company’s goal is to be a positive force in the communities we serve – celebrating the unique strengths of each market while striving to provide realistic solutions to areas of concern,” said Nutting. “We believe that strong, responsible and connected local newspapers are essential important to building and supporting strong communities now more than ever.
Ogden Newspapers is a fifth generation family-owned newspaper company founded in 1890. It will continue to operate the existing Swift publications under the Swift Communications name.
After the closing date, Swift will change its name to Questor Corp.
For more information on copyright, see the distributor of this article, The Aspen Times.