WASHINGTON -- (Business Wire)
The Washington Post Company (NYSE: WPO) announced today that it has
signed an agreement to sell The Herald, a daily and Sunday newspaper
headquartered in Everett, WA, La Raza, and its other print and online
products to Black Press Ltd. and its subsidiary Sound Publishing. The
transaction is expected to close in early March 2013.
Sound Publishing is the largest community media organization in
Washington State, with 39 newspaper titles and a combined circulation of
732,700. The company prints all of its own newspapers and numerous other
publications at a centrally located, state-of-the-art printing facility
in Everett, WA. Sound Publishing is a subsidiary of Black Press Ltd.,
headquartered in Victoria, BC, Canada. Founded in 1975, Black Press
publishes more than 170 newspapers and other publications in British
Columbia, Alberta and Washington State, as well as the Honolulu (Hawaii)
Star-Advertiser and Akron (Ohio) Beacon-Journal daily newspapers. It is
administered and majority owned by David Holmes Black of Victoria, BC.
The Washington Post Company
Rima Calderon, 202-334-6617
Source: The Washington Post Company
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