Shelton family to purchase Franklin County Newspapers, Inc.
An agreement has been reached in principle for sale of operating assets of Franklin County Newspapers, Inc. by its owner Boone Newspapers, Inc. The sale is expected to close in February 2019.
The buyer will be the Shelton family in Decatur. The family owns TN Valley Media Inc. (TVM) and publishes other newspapers in the region including the Times Daily in Florence, Shoals Courier Journal, The Decatur Daily, Moulton Advertiser, Madison Weekly, Advertiser-Gleam in Guntersville and TNValleyStuff.com. TVM also owns a digital agency Reach 256, 110 billboard faces with TVM Outdoor and operates the Redstone Rocket on Redstone Arsenal under contract with the US Army.
Due diligence is underway now toward completion of the transaction.