After more than a century and a half of independent, family ownership, the Record-Journal announced Monday that it has reached a preliminary sales agreement with Hearst Connecticut Media Group.
Under the agreement, HCMG would take ownership of all print and digital operations of RJ Media Group, including the Record-Journal, its seven weekly publications and its digital advertising agency, according to Record-Journal Publisher Liz White Notarangelo.
Dirks, Van Essen & April, a media merger and acquisition firm based in Santa Fe, New Mexico, is representing RJ Media Group in the transaction. Officials with both companies hope to finalize the acquisition in December. Terms were not disclosed.
White Notarangelo, the fifth generation of her family to lead the Record-Journal, shared the news with employees Monday, citing Hearst’s “ongoing commitment to strong local journalism” as well as a culture of innovation and serving communities.
