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Stephens Media Sells Off Newspapers in Washington, Hawaii

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In case you missed it, Stephens Media LLC, which is owned by Little Rock’s Stephens family but headquartered in Las Vegas, has sold some of its newspapers in Washington state and Hawaii.

The news comes via the Las Vegas Review-Journal, Stephens’ flagship newspaper:

The Daily World, a three-day-a-week newspaper in Washington state, and associated weeklies Montesano Vidette, North Coast News and South Beach Bulletin were sold to Sound Publishing Inc. That transaction closed today.

The daily newspapers West Hawaii Today, of Kailua-Kona, the Hawaii Tribune-Herald, of Hilo, and Stephens’ interest in the Hawaii.com website, were sold to Oahu Publications Inc., another Black subsidiary, with an effective date of Dec. 1.

Financial terms were not disclosed.

Stephens Media CEO Ed Moss, who joined the company in December, said the papers were no longer a strategic fit for the company. 

Stephens has been paring its operations since Moss came aboard. In February, the company laid off five at its North Little Rock-based Arkansas News Bureau, leaving one reporter. The company laid off several more in May and July at its Times-Record newspaper in Fort Smith.

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