AIM Media Midwest acquires daily paper in Bowling Green, Ohio
AIM Media Midwest, LLC has acquired the publishing assets of The Sentinel Company, Inc. of Bowling Green, Ohio. The publication and affiliated website included in the transaction are the daily Sentinel-Tribune serving Bowling Green and surrounding Wood County, www.sent-trib.com and a variety of other specialty and periodic publications.
Dirks, Van Essen & Murray, a media merger and acquisition firm based in Santa Fe, N.M., represented The Sentinel Company, owned by the Haswell family, in the transaction.
Terms of the transactionwere not disclosed. Karmen Concannon, publisher at the Sentinel-Tribune, will remain in her current position with AIM.
"The Sentinel Company has long been one of the most respected and admired local publishing and media companies in the United States," said Jeremy L. Halbreich, chairman and CEO of AIM Media Management.
"The Haswell family has owned and operated the Sentinel-Tribune for over 118 years with Karmen representing the fourth generation of family ownership and her parents, Tom and Kathy Haswell, representing the third generation," said Halbreich. "Through our sale process, we have had the great pleasure and privilege of becoming acquainted with Karmen and her parents. We have great admiration for the entire family and we are very flattered to have this opportunity to become directly involved with their important, high-quality, local journalism operation," he added.
"The Haswell family has demonstrated extraordinary commitment, support and leadership to the Bowling Green community and across Wood County throughout their four generations of ownership. It is our goal and strongest desire to continue this community service and we look forward to providing the guidance and direction necessary for this publication to engage its local audiences and to set the civic agenda and discourse in both online and print," Halbreich added.
"This publication and the service provided its communities in Ohio represent a great testimony to the hard work, dedication and true community service established and maintained by the Haswell family over many decades in conjunction with their talented staff of dedicated employees. We are gratified by the Haswell family's confidence in us as publishers of local, community newspapers to build on their heritage, traditions and focus on community service," Halbreich concluded.
"The sale of the Sentinel-Tribune to AIM Media Midwest, LLC represents another milestone in our effort to provide the people of Bowling Green and Wood County with a daily newspaper of the exceptional quality they have learned to expect," said Tom Haswell. "The Haswell family is deeply appreciative of the support we have received over the past 118 years both from our dedicated employees and the generations of people that have helped make the Sentinel the outstanding newspaper that it is. We will be watching with pride and confidence as AIM Media leads the Sentinel far into the future," he added.