On Wednesday, Washington Postannounced that it has agreed to sell the Everett, Wash.-based daily The Herald, along with Seattle paper La Raza del Noroeste, and "its other other print and online products" to Canadian newspaper concern Black Press Ltd. and its Sound Publishing subsidiary.
Sound Publishing is the largest community media organization in Washington state, publishing 39 newspaper titles, and having a combined circulation of 732,700.
The sale is expected to close in early March. Financial terms were not disclosed.
The article Washington Post Selling Washington State Papers originally appeared on Fool.com.
Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.