Hearst Acquires the Print and Digital Assets of The Telegraph and Journal-Courier
Hearst today announced that it has acquired The Telegraph and Journal-Courier from Civitas Media, LLC (“Civitas”). The acquisition strengthens Hearst Newspapers’ commitment to covering news in Illinois communities, adding to the reporting done by the Edwardsville Intelligencer. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Newspapers President Mark Aldam. Financial terms were not disclosed. Civitas, headquartered in Davidson, North Carolina, is a portfolio company of Philadelphia-based private equity investment firm Versa Capital Management, LLC (“Versa”). Click Read More below for additional detail.