Dirks, Van Essen & Murray Engaged to Sell Bryan-College Station (TX) Eagle
SANTA FE, NM, March 6, 2012 - The Evening Post Publishing Co. has engaged Dirks, Van Essen & Murray to sell the Bryan-College Station (TX) Eagle. The 20,000-circulation Eagle serves a six-county market in east central Texas that is home to Texas A&M University. This will be only the eighth sale in The Eagle's 123-year history.
CEO John Barnwell said Evening Post is in the process of creating further diversification among its holdings.
"Going back to the company's early history, our business was dedicated exclusively to publishing newspapers," Barnwell said, adding that the family-owned company has a goal to pay off existing debt by 2015. "It makes sense for us, strategically, to sell some of these legacy assets as we move into other areas."
"We are confident that it will represent an attractive strategic acquisition for the right buyer, just as it was for us when we bought it. The professionalism of the entire staff is reflected in the top quality of The Eagle. We are proud to have been the owner for the last 12 years, and we look forward to watching its continued success."
The Eagle has a long history of excellence in journalism. In 2011, the newsroom earned 24 awards in the Texas Associated Press Managing Editors contest, including top honors in photography and investigative reporting, the coveted Community Service award and Best Online Newspaper.
If you have further questions please contact Dirks, Van Essen & Murray at 505-820-2700.