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Asbury Park Press to Purchase The Central New Jersey Home News

January 22, 1993

NEPTUNE, N.J. (AP) _ The Central New Jersey Home News is being purchased by the parent of the Asbury Park Press, New Jersey’s second-largest daily newspaper.

″We anticipate that the actual transfer of ownership will take place in four to six months,″ Joseph D. Fontana, president and publisher of the Home News, said Thursday.

New Jersey Press Inc. said it plans to continue the New Brunswick-based Home News as an independent publication. Neither side disclosed the purchase price, but Fontana said the sale didn’t include the newspaper’s building or printing facilities.

Press spokesman Tim Zeiss said it was too early to say if any staffing changes would be made at the Home News, which has a circulation of 51,248 daily and 59,744 on Sunday. The paper has been owned by the family of William Boyd, chairman of the board of The Home News Publishing Co. and its parent company, The Home News Co., for 113 years.

Zeiss also declined to say where the Home News might be based after New Jersey Press Inc. takes over.

The Asbury Park Press has a daily circulation of 164,756 and a Sunday circulation of 232,979.

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