Durham Herald-Sun May Be Up For Sale
Posted November 22, 2004 5:52 a.m. EST
DURHAM, N.C. — Is a major Triangle newspaper for sale? Sources tell WRAL that the
is entertaining offers.
Publisher David Hughey and the owner E.T. Rollins Jr. both had no comment on whether the newspaper is for sale. When given the chance, Rollins did not deny that his paper is on the block.
The paper has a longstanding history in the Bull City, with more than 100 years of covering the news as both the
Durham Daily Sun
. Now merged, the Herald-Sun has a circulation of more than 50,000 and employs about 350 workers in Durham.
Potential sales are typically kept very quiet because employees and advertisers could be affected.
The newspaper is one of the few remaining independently owned papers in the state. Eighty-eight percent of North Carolina's dailies are owned by corporate chains.
It is not the first time in the past few years that a major newspaper has been sold. In 1995, McClatchy Newspapers purchased the
News & Observer
for $250 million.