- Associated Press - Thursday, September 24, 2015

MONROE, Mich. (AP) - New Media Investment Group Inc. says it has bought the employee-owned Monroe News as part of a broader $5.2 million deal for assets of Monroe Publishing Co.

Michael E. Reed, president and chief executive of New York-based New Media, says in a statement that the acquisition highlights “our continued success at purchasing high-quality, local media assets that fit well within our operating and financial metrics.”

Monroe Publishing Chairman Steve Gray says the “changing media environment has been very tough on single, stand-alone newspaper companies like us.” The Monroe News says it plans to continue serving its communities with the dedication it has shown in the past.

New Media has 126 daily publications. The Monroe News has a daily circulation of about 14,000 and a Sunday circulation of about 21,000.

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