Champion Industries (CHMP) to Acquire The Herald-Dispatch in Huntington
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Champion Industries, Inc. (Nasdaq: CHMP) has signed a definitive asset purchase agreement to acquire The Herald-Dispatch in Huntington, West Virginia from GateHouse Media for a purchase price of $77 million. The transaction is expected to close during the Company\'s fourth quarter and is subject to regulatory approval and customary closing conditions. Champion intends to finance the acquisition with debt.
The Herald-Dispatch has a total daily and Sunday circulation of approximately 28,000 and 33,000, respectively.
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