Tuesday, July 21, 2009

Cox Enterprises agrees to sell 13 N.C. newspapers

Cox Enterprises Inc., the owner of the Atlanta Journal-Constitution, has agreed to sell 13 newspapers in North Carolina to Cooke Communications LLC, a privately held family company headed by the son of late billionaire Jack Kent Cooke.

The announced sale of The Daily Reflector (Greenville), Rocky Mount Telegram, The Daily Advance (Elizabeth City) and 10 weeklies in eastern North Carolina, is the continuation of Cox’s plan, announced last year, to divest itself of most of the daily and non-daily newspapers in its chain, except for those in Atlanta, Palm Beach area and Ohio.

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