Palm Beach Post to be sold to GateHouse in $49M deal; sale to be completed by May

From The Sun-Sentinel: GateHouse Media has bought The Palm Beach Post and Palm Beach Daily News for $49.3 million.

The Palm Beach Post reports that New York-based New Media Investment Group Inc. announced the deal March 28.

The papers have been owned since 1969 by Atlanta-based Cox Enterprises. The sale is expected to be completed by May.

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