Austin's Statesman, 2 Florida newspapers offered for sale

Published on Tuesday, 31 October 2017 10:35 - Written by Associated Press

AUSTIN (AP) - Cox Media Group is looking to sell the Austin American-Statesman and two Florida newspapers.

The Statesman reported Tuesday that Atlanta-based Cox has put on the market the Statesman, which employs 200-plus people, its seven community newspapers and multiple websites. Also up for sale are the Palm Beach Post and Palm Beach Daily News.Cox Media Group President Kim Guthrie described the moves as "difficult but strategic." Cox will continue to operate newspapers in Atlanta and Ohio.

Cox Enterprises, Cox Media Group's privately held parent company, offered the Statesman for sale in 2008 but took it off the market a year later.

In 2015, it sold the Statesman's 18.9-acre, lakefront property in downtown Austin to a Cox Enterprises-associated entity that has hired a real estate group to create a redevelopment plan.