The owner of 40 local newspapers in Washington state is being sold to an investor group that includes an out-of-state media group.
Sound Publishing operates the Okanogan Valley-Gazette Tribune and 39 other publications including the largest, the Everett Herald. Sound Publishing reports a monthly distribution over 1.2 million and like most newspapers, about double that in online users.
Sound Publishing’s parent company, Canadian-based Black Press has filed for a corporate restructuring in the B.C. courts similar to U.S. bankruptcy. Black Rock says it will remain Canadian-controlled with Alabama based Carpenter Media Group joining the ownership group..
The Everett Herald reports Black Press ranks as the sixth largest daily publisher in the country.
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