LAWRENCEVILLE - Triple Crown Media Inc. is making a bigger splash in the Georgia newspaper business.
The parent company of the Gwinnett Daily Post on Friday announced the acquisition of three Georgia papers: The Clayton News Daily in Jonesboro, The Henry Daily Herald in McDonough and the Progress-Argus, a weekly in Jackson.
Triple Crown completed the deal by trading its Indiana newspaper, the Goshen News, with Community Newspaper Holdings Inc. Lexington, Ky.-based Triple Crown now has seven Georgia papers, including the Post, The Albany Herald, the Rockdale Citizen and the Newton Citizen.
"It is difficult to let go of a great newspaper like The Goshen News that has been so successful for us," said Triple Crown President and CEO Tom Stultz.
"At the same time, we are delighted to add three newspapers to our growing Georgia operations," he said. "We feel this is a great fit for both companies and look forward to working with the management of our newly acquired Georgia papers and serving these growing communities."
Donna Barrett, chief executive of CNHI, said, "While we have enjoyed our opportunity to compete in the suburban Atlanta market, we think the Goshen News is a better fit for our company's overall strategic direction. We look forward to becoming part of the Goshen community and are confident that Triple Crown Media will be quite successful with these acquisitions."
Triple Crown Media offers paging and other wireless services in small metropolitan areas in Alabama, Florida and Georgia. Through its subsidiary, Host Communications Inc., the company is also active in the collegiate marketing and production services business.
CNHI, based in Birmingham, Ala., is a privately owned publishing company with 90 daily newspapers and about 210 nondaily publications.