MEXIA, TX, September 2, 2008 - A company formed by Moser Community Media of Edna, Texas has acquired the Mexia (TX) Daily News and a companion weekly newspaper from a subsidiary of Community Newspaper Holdings Inc. Terms of the transaction were not disclosed.
Dirks, Van Essen & Murray, a newspaper merger-and-acquisition firm in Santa Fe, New Mexico, represented CNHI in the transaction.
The 109-year-old Daily News, with circulation of 2,400, serves Limestone County in east-central Texas. The weekly Hubbard City News is located in an adjacent county.
CNHI had owned the Mexia daily since 1998, when it acquired the newspaper in a larger transaction with American Publishing Co. Moser Community Media owns and manages several non-daily newspapers in south-central Texas and in the Panhandle area.