NJ newspaper among 5 being sold in $17.5M deal – NJ.com

LEVITTOWN, Pa.– Family-owned Calkins Media is selling its six remaining daily newspapers in the Philadelphia and Pittsburgh suburbs, including one in New Jersey.

The company announced Monday that GateHouse Media is acquiring the Burlington County Times as well as four newspapers in Pennsylvania: the Bucks County Courier Times, The Intelligencer, the Beaver County Times and the Ellwood City Ledger. GateHouse says the deal is worth $17.5 million.

Gannett buys the Record

Calkins says a sixth property, the (Uniontown) Herald-Standard, is being purchased by Wheeling, West Virginia-based Ogden Newspapers. Terms of that deal weren’t announced.

Pittsford, New York-based GateHouse is one of the nation’s largest media companies, with 130 dailies before the acquisition.

The deals are expected to close June 30.

Calkins board member Stan Ellis says the sole reason for the sale was “the economics in running a paper in today’s world.”

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