FAYETTEVILLE, N.C. (AP) — The Fayetteville Publishing Company is selling The Fayetteville Observer to GateHouse Media.
In a story published Thursday (http://bit.ly/2ajvWfB ) the president and publisher of The Fayetteville Publishing Company Charles Broadwell said the sale is expected to take place on Monday.
“It is a good strategic fit,” Broadwell said in making the announcement. “Our company aligns well with other GateHouse properties.”
Terms of the sale to the New York media company were not disclosed. GateHouse operates papers and websites in 35 states, including the StarNews of Wilmington.
In addition to the paper, the sale includes other publishing, digital and print businesses owned by the Fayetteville Publishing Company.
For the last 93 years the company has been owned by the family of the late Ashton Wilson Lilly and was the largest independently owned paper in North Carolina.