Palm Beach Post to be sold, newspaper says

The company that owns The Palm Beach Post and Palm Beach Daily News on Tuesday said it plans to sell the papers.

Cox Media Group also said it would sell the Austin-American Statesman and a group of Texas community newspapers.

“As the media business continues to change, we must adapt our business strategy to navigate these disruptive times for the benefit of our entire media portfolio,” said Cox Media President Kim Guthrie in a statement.

“We have made the decision that we will be better equipped to operate our newspapers in Atlanta and Ohio, where we have the integrated opportunity with our TV and radio operations.”

Cox owns the Atlanta-Journal Constitution, Dayton Daily News, and an assortment of radio and television stations across the country.

“We are deeply grateful to the employees in Austin and Palm Beach for the great work they have done over the years,” Guthrie added.

“The Post marks its 102nd anniversary in January and the Daily News is celebrating its 120th anniversary this year,” according to The Post. “Both newspapers have been Cox properties since 1969.”