Newspaper Holding Company Sold to Publishing Firm
BROWNWOOD, Texas (AP) _ Woodson Newspapers Inc., a holding company for six daily and seven weekly and semiweekly newspapers in Texas, Oklahoma and Kansas, has been sold to Boone-Narragansett Publishing of the Southwest.
The sale was completed Monday, Woodson officials said.
Daily newspapers in the transaction are the Alice Echo-News, Brownwood Bulletin, Marlin Daily Democrat, Stephenville Empire-Tribune and the Waxahachie Daily Light, all in Texas, and the Miami (Okla.) News-Record, said Craig Woodson, WNI president and board chairman.
The other newspapers are the semiweekly Baxter Springs (Kan.) Citizen; and the Brown County Gazette, Early American, Santa Anna News, Dublin Progress, Hico Review and the Marlin Weekly Democrat, all Texas weeklies.
The Woodson family has been in the newspaper business since the late C.C. Woodson, Craig’s father, bought the Brownwood Bulletin in 1940. In 1959, Craig Woodson bought the company from his father.
Boone Newspapers Inc., an ownership and management company headed by board chairman James B. Boone Jr. of Tuscaloosa, Ala., manages the Boone group’s newspapers, which are in Alabama, Michigan, Mississippi, New Mexico and Ohio.
Boone-Narragansett Publishing is a partnership headed by Boone. Narragansett Capital Inc. of Providence, R.I., is a partner along with other Boone associates. Narragansett Capital manages investments and forms partnerships in businesses, including newspapers, broadcast properties and cable TV.