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Boone Newsmedia Inc. (BNI) has sold four Alabama newspapers, including the The Brewton Standard, to Jeff and Michelle Schumacher, according to John Cribb, Cribb & Associates, who represented BNI in the transaction. The sale was closed April 30. Terms were not disclosed.
Included in the sale with The Brewton Standard was The Atmore Advance, The Andalusia Star-News, and The Demopolis Times.
Catherine Boone Hadaway, BNI senior vice president, said that after decades of ownership, the BNI family is proud the Schumachers will continue as the stewards of the community newspapers in Andalusia, Atmore, Brewton and Demopolis with local ownership and management.
“BNI CEO Steve Stewart and the Boone family see this as a good fit for Jeff and Michelle, for us and for those we have worked with in these places,” Hadaway said. “The acquisition places management of the newspapers in the communities served. We have enjoyed working with excellent people in these communities over the years and will miss those associations. We wish them well going forward.”
Both Jeff and Michelle have been involved in the newspaper business for many years. Jeff has been a publisher for more than 30 years, and Michelle has been in sales for more than 15 years. Both are from North Dakota originally.
“We are excited to be given the responsibility of publishing these fine newspapers and websites,” Jeff Schumacher said. “We certainly will work to continue creating a first-class experience for our readers and advertising clients. We are equally excited to integrate ourselves into these fine communities.”
BNI and the Boone family were represented by John Cribb of Cribb & Associates. C&A is a leading merger and acquisition firm in the newspaper industry.