The New York Times Company has tentatively agreed to sell The Press Democrat, the Petaluma Argus-Courier and the North Bay Business Journal to a Florida media group, Publisher Bruce Kyse said today.
Halifax Media Group, a Daytona Beach, Fla.-based company that owns The Daytona Beach News-Journal, is poised to buy the Times Company's Regional Media Group, which consists of 16 newspapers and related websites.
"The deal could be signed at any time," Kyse told Press Democrat staff Monday morning.
Once signed, the sale would take about two weeks to close, Kyse said. Terms and other details were not available, in part because news leaked out before the companies planned, Kyse said.
On Monday morning, the Halifax Group's website listed all of the Times Company's regional papers as its own, tipping off media blogger Jim Romenesko. The page was promptly taken down.