Daily News: June 5, 2012

Versa Capital Closes Freedom Communications Acquisition

An affiliate of Versa Capital Management announced the completion of its acquisition of four community newspapers from Freedom Communications: The Telegraph in Alton, IL; The Journal-Courier in Jacksonville, IL; The Sedalia Democrat in Sedalia, MO; and The Lima News in Lima, OH.

“These four publications are an important part of their communities and are well-recognized as valuable sources of local news and information,” commented Gregory L. Segall, Versa CEO and founder. “We are pleased to welcome them into our growing community newspaper portfolio in the Midwest.”

Among Versa’s portfolio companies is Ohio Community Media, which owns and operates 14 daily newspapers and 30 weeklies serving communities in northern and western Ohio. Versa also recently acquired the Wilkes-Barre Times Leader in northeastern Pennsylvania.

Scott Champion, chief executive officer of Ohio Community Media, commented: “We are pleased to conclude the transaction and to add to our community newspaper platform. We look forward to continuing to serve the communities in which these papers operate with quality, locally focused content and services, both in print and online.”