San Marcos (TX) Daily Record Acquired by Local Newspaper Group
Montgomery, Alabama - December 28, 2012 - Community Newspaper Holdings Inc. today announced the sale of the San Marcos (TX) Daily Record to San Marcos Publishing LP, managed by veteran newspaper executive Jim Moser.
Dirks, Van Essen & Murray, a newspaper merger and acquisition firm in Santa Fe, New Mexico, represented Community Newspaper Holdings Inc. in the transaction. Terms were not disclosed.
Published since 1912, the Record serves readers in San Marcos and Hays County, Texas. The Record publishes five times a week and also produces a local news website, www.sanmarcosrecord.com.
"It's truly been our privilege to work with the talented, hard working team in San Marcos through the years, and to serve as stewards of this important local newspaper. We wish Jim Moser and his company all the best as they move into this dynamic community," said CNHI President and Chief Executive Officer Donna Barrett.
Moser, the managing member of San Marcos Publishing LP, said he looks forward to becoming involved in San Marcos. Moser is a veteran newspaper executive who also serves as president of his family’s company, Moser Community Media, which manages newspapers in central and south central Texas.
”We're excited about the opportunity to be part of the San Marcos community. We feel like the San Marcos Daily Record represents everything that is great about the community newspaper industry. It has a wonderful history of community service and quality, and we look forward to the challenge of carrying on that tradition," said Moser.
CNHI is a leading provider of local news and information in more than 150 communities in 23 states. Its publications include award-winning newspapers, websites and magazines.
For more information contact Dirks, Van Essen & Murray at 505-820-2700.