A press release from Dirks, Van Essen & Murray
Lee Enterprises, Incorporated, a major provider of local news, information and advertising in 49 markets, has entered into an agreement to sell its newspaper and digital media operations in Provo, Utah to Ogden Newspapers of Utah, LLC, including theDaily Herald and heraldextra.com.
Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, New Mexico, is representing Lee Enterprises in the sale. The transaction is expected to close Aug. 29, 2016.
The Daily Herald is published seven days a week with print circulation of approximately 20,000 daily and nearly 27,000 Sunday. Heraldextra.com reaches approximately 700,000 unique visitors each month.
The earliest predecessor of the Daily Herald was founded in 1873 under the name Provo Daily Times…