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BH Media Group, a subsidiary of Berkshire Hathaway, will purchase The Roanoke Times from Landmark Media Enterprises on Friday.
Landmark Media Enterprises is the parent company of The LaRue County Herald News.
Dirks, Van Essen & Murray, a newspaper merger and acquisition firm in Santa Fe, New Mexico, represented Landmark Media Enterprises in the transaction. Terms were not disclosed.
The acquisition was announced last week at an employee meeting by Landmark Chairman and CEO Frank Batten Jr. Landmark has owned the 76,000-circulation daily since 1969.
Terry Jamerson, a vice president of BH Media and publisher of the Lynchburg News and Advance, has been named publisher of The Roanoke Times. Jamerson replaces Debbie Meade, who has been the Times’ publisher since 2007.
Michael Abernathy, president of Landmark's publishing division, said in a press release that Landmark was “pleased that The Times will be joining a company such as BH Media that is committed to the future of newspapers."
BH Media owns 29 daily newspapers and related weekly papers in Nebraska, Iowa, Texas, Oklahoma, Virginia, North Carolina, South Carolina, Alabama and Florida.