Ballantine Communications has acquired The Daily Times, which serves Farmington and San Juan County, New Mexico, from Gannett Co. Inc., according to John Cribb of Cribb, Cope & Potts, who represented the Ballantine family in the transaction. Dirks, Van Essen & April represented Gannett in the transaction.
Ballantine Communications Inc. owns the Durango Herald and The Journal in southwest Colorado, and the Tri-City Record in Farmington. They plan to merge The Daily Times with the Tri-City Record.
“We look forward to welcoming The Daily Times’ readers and winning them over with our commitment to credible and comprehensive local reporting,” said John Blais, CEO and publisher for BCI, in a letter to employees announcing the deal.
“Gannett’s mission is to empower and enrich communities across the country, and our business decisions are driven by our commitment to best serve them,” said Michael Anastasi, Gannett VP of Local News. “We are grateful for the support of our readers and advertisers throughout the years and thank our employees for their dedication and hard work.”
Cribb, Cope & Potts is a leading merger and acquisition firm with offices in Montana, Arkansas and California.
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