Florida-based Halifax Media Group has flipped the Santa Rosa Press Democrat and two smaller publications (the weekly Petaluma Argus-Courier and North Bay Business Journal) to an intriguing six-man investor group. Per today’s announcement, the new owners – Sonoma Media Investments LLC – include:
Other key players in the purchase group include Steven Falk, former president and publisher of the San Francisco Chronicle and chief executive of the San Francisco Chamber of Commerce and Bill Hooper, president of Anderson’s development firm, Kenwood Investments, and a former executive with Clear Channel Outdoor, the billboard advertising company.
The purchase follows this same group’s acquisition earlier in 2012 of the Sonoma Index-Tribune, which publishes twice a week. Halifax purchased the Press Democrat and more than a dozen other publications at the beginning of the year from the New York Times Co.
Already, one local blogger is sounding the alarm over the prospective impact of Bosco’s involvement.
[Image of front-page announcement taken from pressdemocrat.com]