Dix Communications selling The State Journal
Publisher Ann Dix Maenza told the central Kentucky newspaper staff on Monday about the pending sale.
G. Charles Dix II, president of Ohio-based Dix Communications, told The State Journal that the two companies have signed letters of intent and are "moving toward the completion of a purchase agreement." They expect to close around Sept. 1.
Todd Carpenter, president and CEO of Alabama-based Boone Newspapers, said the company is looking forward publishing the Frankfort newspaper.
In a memo to staff, he said company officials "are publishers by practice and background, not financial investors."
Boone newspapers and its affiliates own about 40 newspapers, primarily in the South.