Business

McClatchy buys N.C. newspaper

Duke Chapel is the centerpiece of Duke University, ranked in the top universities academically in the U.S. It is based in Durham, N.C., home of the local Durham Herald-Sun, which has been acquired by McClatchy.
Duke Chapel is the centerpiece of Duke University, ranked in the top universities academically in the U.S. It is based in Durham, N.C., home of the local Durham Herald-Sun, which has been acquired by McClatchy. JANE WOOLDRIDGE

The McClatchy Co., parent of the Miami Herald, announced Wednesday it has purchased the Durham Herald-Sun from the Kentucky-based Paxton Media Group. Durham is home to Duke University and North Carolina Central University.

The acquisition broadens the company’s reach in North Carolina’s Research Triangle, where McClatchy also owns the Raleigh-based News & Observer. Sacramento, California-based McClatchy owns 31 local media companies across the United States.

Terms of the deal were not disclosed.

Jane Wooldridge

This story was originally published December 21, 2016 at 6:07 PM with the headline "McClatchy buys N.C. newspaper."

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