Dallas area newspaper cluster sold to S.A.W. Advisors, LLC
S.A.W. Advisors, LLC has acquired Star Local Media from 1013 Star Communications according to John Cribb, Cribb, Greene & Cope. Star Local Media publishes 14 community newspapers in the suburbs of Dallas, including The Allen American, Carrollton Leader, Celina Record, Coppell Gazette, Frisco Enterprise, Lake Cities Sun, Lewisville Leader, Little Elm Journal, Mesquite News, McKinney Courier-Gazette, Plano Star Courier, Rowlett Lakeshore Times, The (Flower Mound) Leader and The Colony Courier-Leader. Total weekly distribution exceeds 270,000 homes. The company also has 14 affiliated websites averaging over 600,000 page views monthly.
Terms of the sale were not disclosed. Cribb, Greene & Cope represented the seller in the sale.
Scott A. Wright, chief executive officer of S.A.W. Advisors, LLC, has served as publisher of the company since February. He held the same position under American Community Newspapers from 2003-2006. Wright has worked in the newspaper industry for 32 years in 13 different cities and over 100 markets.
"Texas is just a great place to be," Wright said. "My friends at 1013 Star Communications did an outstanding job with the company, and I intend to work with my financial partners to increase our community newspaper and digital footprint here in Texas."
Wright said the mission of Star Local Media will remain the same. "The goal is to provide hyper-local editorial content. Names and faces. Our primary focus will continue to be on local government, education and high school sports. Most importantly, we will grow our digital endeavors at this company."