News-Herald bought by growing
media group
Jones Media, a fourth-generation, family owned media company with several daily and non-daily community newspapers, tourism-related products and services and a digital marketing solutions agency, including the News-Herald and The Connection, has been sold. The buyer of Jones Media’s assets is family owned Adams Publishing Group, based in Minneapolis, Minn., and chaired by Steve Adams. The transaction closed Thursday, Sept. 1, 2016, for an undisclosed amount. The sale was announced in a joint statement of the two companies.
Newspapers included in the sale are the News-Herald, The Connection,
The Greeneville Sun, The Daily Post-Athenian (Athens), The Daily
Times (Maryville), The Newport Plain Talk, The Rogersville Review,
The Advocate & Democrat (Monroe County), The Herald-News (Dayton),
the Watauga Democrat (Boone, N.C.), The Mountain Times (Watauga
County, N.C.), Ashe Mountain Times (West Jefferson, N.C.), The Avery
Journal-Times (Avery County, N.C.) and The Blowing Rocket (Blowing
Rock, N.C.).
Jones Media’s holdings also include Touring Publications based in
Sevierville, which serves the Great Smoky Mountains region and the
southeastern United States with a multitude of print and digital
publications, travel guides and services, and High Road Digital, a
full-service digital marketing solutions firm based in Johnson City
that serves the needs of businesses in eastern Tennessee,
southwestern Virginia, western North Carolina and beyond.
“After 100 years of family ownership, selling Jones Media was not an
easy decision for our family,” Gregg Jones, president and CEO, said.
“However, there was no clear succeeding generation of our family
working in the business, so we came to the difficult decision nearly
a year ago that selling was the best option for our employees and
the communities we serve.
“Finding the right company to succeed the Jones family was a
challenge,” he added. “There are a number of outstanding media
companies across America, but when we met the members of the Adams
family, we felt from the beginning that they would be an excellent
choice to succeed our family.”
Adams Publishing Group owns and operates newspapers and printing
plants in 11 states and is a division of an Adams company that owns
and operates a number of other businesses, including Adams Outdoor,
Fairway Outdoor, Adams Radio Group, Good Sam, Camping World, and
wineries and vineyards in the United States and Europe.
“We’re very excited to welcome Jones Media to our family of
companies,” Steve Adams said. “Through generations of stewardship,
Jones Media is considered one of the premier newspaper and digital
companies in the country. We salute the Jones family and all of the
Jones associates for their fine work, and look forward to a
prosperous future.”
Jones said, “My siblings and I take great pride in the quality of
our publications and in the talented, extraordinary employees who
have built the company. We felt deeply that the new owner of the
company needed to reflect the family’s value system and support for
community newspapers and their staffs.
“The Adams family shares our own family’s passionate belief in a
bright future for the community newspaper business, one that
includes ink on paper as well as one that aggressively embraces the
opportunities for new, exciting products and services made possible
in our ever-emerging digital world,” Jones added.
All of Jones Media’s full-time employees will be offered employment
and benefits with Adams Publishing Group.
“Throughout the four generations of our family’s newspaper
ownership,” Jones said, “we have appreciated more than we can easily
express the privilege of serving the communities of which we are a
part, and we continue to be extremely grateful for their support.
“For this reason, in considering the sale of the company, it has
been very important to us that both our family and the Adams family
advocate newspapers’ being engaged with our communities in every way
— from offering our readers relevant content to help them live
better, more enjoyable lives, to pursuing positive results and
success for our advertisers, to participating in the civic life of
the communities we serve with our time, talent and money, and more,”
he added.
Gregg Jones will continue as president and CEO of Jones Media, a
role he has held for more than 15 years, and will succeed his late
father, John M. Jones III, as publisher of The Greeneville Sun.
Additionally, Steve Adams and his family have asked Gregg Jones to
assume a greater leadership position within their overall rapidly
growing newspaper publishing operations nationally.
“I have accepted the Adams’ offer,” Jones said, “for which I am
grateful and deeply complimented.”
Cribb, Greene & Cope of Charlottesville, Va., represented Jones
Media, Inc., in the sale.
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9/12/16