Alabama pension funds continue investment in CNHI newspapers 1/8/19

By Jane Nicholes, SNPA Correspondent

What was announced last week as the sale of Community Newspaper Holdings Inc. to the Retirement Systems of Alabama was really an acquisition of the small percentage RSA didn't already own, according to RSA CEO David Bronner.

"We already owned 87 percent of it," Bronner said.

RSA is made up of several state employee pension funds. Its holdings include golf courses, office towers and, until now, Raycom Media, of which CNHI was a part. But Raycom was sold to Gray Media, while CNHI will remain based in Montgomery with RSA.

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