Randall family explores selling Frederick newspaper
FREDERICK, Md. (AP) — The owners of The Frederick News-Post have reached an agreement in principle to explore selling the newspaper to Ogden Newspapers Inc. in West Virginia.
The News-Post reports (http://bit.ly/2mtBQOB ) that Will Randall, chief executive officer of Randall Family LLC, and Bob Nutting, Ogden’s president and chief financial officer, made the announcement Wednesday morning.
Should the discussions lead to a sale, Wheeling-based Ogden would publish the News-Post and operate the Frederick company’s commercial printing operations.
Randall says both companies have executed a letter of intent and are working toward executing an asset purchase agreement.
The Randall family in 1883 founded what has become the News-Post. The Nutting family, owners of Ogden, began in the publishing business in 1890 when they started the Wheeling News. Ogden also owns newspapers in 14 other states.
Information from: The Frederick (Md.) News-Post, http://www.fredericknewspost.com