Business News

The New York Times Company to Sell TimesDaily to Shelton Family, Publishers of The Decatur Daily

Wednesday 25. March 2009 - The New York Times Company has entered into an agreement to sell the TimesDaily and TimesDaily.com, located in Florence, Ala., to the Tennessee Valley Printing Company, Inc., which publishes The Decatur Daily in nearby Decatur, Ala., and is owned by the Shelton Family.

The TimesDaily, which is part of the Company’s Regional Media Group, has daily circulation of 27,785 and Sunday circulation of 29,171.
“The TimesDaily is an outstanding newspaper with very talented employees,” said Janet L. Robinson, president and CEO of The New York Times Company. “The Shelton family knows Florence well and values the role the TimesDaily plays in the community.”
The Decatur Daily’s general manager, Clint Shelton, said, “We are confident this transaction will strengthen both newspapers through the synergies that we will achieve. The long traditions of both newspapers of providing leadership in The Tennessee Valley will continue.”
The terms of the agreement were not disclosed.
The Decatur Daily is independently owned and under its fourth generation of leadership from the Shelton family. Along with The Daily, Tennessee Valley Printing owns and operates the Moulton Advertiser, a weekly in nearby Lawrence County, Ala.