Company Sells Four NewspapersAP , Associated Press
Nov. 25, 1987 3:24 PM ET
SAN ANTONIO, TEXAS SAN ANTONIO, Texas (AP) _ Harte-Hanks Communications, Inc. said Wednesday it has found buyers for four Texas newspapers previously put up for sale.
The company said Worrell Enterprises Inc. and Donrey Inc. will acquire the daily and weekly operations.
Worrell, based in Charlottesville, Va., will purchase the Bryan-College Station Eagle and the Greenville Herald Banner. The company also will purchase the Commerce Journal.
Donrey Inc., based in Las Vegas, Nev., will acquire the Denison Herald.
Worrell currently owns and operates 80 media properties in 14 states, including 22 daily newspapers, plus non-daily publications and other related entities.
The Donrey organization owns media properties in 21 states, including 57 daily newspapers, 75 non-daily publications, 12 outdoor advertising companies, five cable television systems and broadcast properties.
Terms of the agreements weren't disclosed.
However, a definitive agreement is expected to be signed and the transaction closed shortly after Jan. 1, 1988, said Bob Marbut, president and chief executive officer of San Antonio-based Harte-Hanks.
Harte-Hanks has also announced its intention to divest seven cable television systems and two television stations, among other holdings.