Dispatch Printing Co. Completes Sale of Columbus Dispatch

COLUMBUS, Ohio, June 15, 2015 /PRNewswire-USNewswire/ -- The Dispatch Printing Co. (the "Company" or "Dispatch Printing") is pleased to announce that the Company has completed the sale of The Columbus Dispatch as well as other print assets to New Media Investment Group Inc. ("New Media" or "NEWM").

The Dispatch has served Ohio since 1871, offering coverage of state and local government, sports, entertainment and other subjects. Its current weekday circulation stands at over 130,000 – with a 235,000 circulation on Sundays.

The transaction also includes the sale of the Company's other print publications including Columbus Monthly, Crave, Capital Style, Columbus CEO and ThisWeek Community Newspapers. 

John F. Wolfe, chairman of the Company, expressed confidence that "this deal will ensure that the Dispatch continues to serve Ohio well into the future."

The Wolfe family will retain its ownership of WBNS-TV (CBS) in Columbus, WTHR-TV (NBC) in Indianapolis, Capitol Square Ltd. (real estate), as well as WBNS-AM and WBNS-FM and Agricultural Lands, Inc. 

About The Dispatch Printing Co.

The Dispatch Printing Company is a regional media company including, The Columbus Dispatch. It also owns a portfolio of community papers through subsidiary ThisWeek Community Newspapers and publishes a group of central Ohio magazines, including Columbus Monthly and Crave.  The company owns and operates WBNS-TV in Columbus and WTHR-TV in Indianapolis.  The Company also has real estate holdings in central Ohio and elsewhere and owns a stake in the Columbus Blue Jackets, an NHL hockey team.  The Columbus Dispatch traces its roots to 1871, when it was first published as The Daily Dispatch.  The Wolfe family, led by Chairman John F. Wolfe, has owned the company since 1905.

SOURCE Dispatch Printing Co.