AIM Media Texas is a United States publisher of daily and non-daily newspapers, primarily in the Rio Grande Valley region of Texas.

In 2012, Freedom Communications began selling most of its newspaper portfolio.[1] Former Dallas Morning News president and American Consolidated Media founder Jeremy Halbreich founded AIM Media in order to purchase the Texas newspapers from Freedom[2] in a deal worth $70–80 million.[3]

The newspapers included:

At the time of the sale, the daily newspapers had a combined circulation of about 80,000 daily and 94,000 on Sunday.[3] The deal also included other associated weekly and monthly publications.[4]

Company investors included Chicago-based businessmen Joe Mansueto of Morningstar, Inc. and private equity investor John Canning.[4] Chief operating officer Rick Starks also owns a stake.[3]

Halbreich served as head of the Chicago Sun-Times company from 2009 to 2012 before leaving to form AIM Media.[4]

References

  1. ^ "AIM Media Texas, LLC acquires Texas newspapers". May 18, 2012. Retrieved June 25, 2013.
  2. ^ "TNF selects 2013 class of Hall of Fame inductees". Texas Press Association. December 18, 2012. Archived from the original on May 3, 2014. Retrieved June 25, 2013.
  3. ^ a b c Cheryl Hall (July 28, 2012). "Jeremy Halbreich targets Rio Grande Valley with latest newspaper venture". Dallas Morning News. Retrieved June 25, 2013.
  4. ^ a b c Becky Yerak (July 30, 2012). "Canning, Mansueto invest in Texas newspaper group". Chicago Tribune. Retrieved June 25, 2013.


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