One of the nation’s busiest acquirers of newspapers and online media has agreed to buy The Palm Beach Post and Palm Beach Daily News in a deal announced at $49.25 million.
Executives at New York-based New Media Investment Group Inc. said the sister papers will join a growing GateHouse Media stable of more than 140 daily newspapers. That represents more than 1 in 10 in the country.
The papers and associated websites have been owned since 1969 by Atlanta-based Cox Enterprises. The sale is expected to be completed by May.