Decatur Publisher Buys NYT's TimesDaily

FLORENCE, Ala. (AP) - The New York Times Co. is selling its
newspaper in the northwest Alabama city of Florence, the
TimesDaily, to the company that publishes The Decatur Daily.

Tennessee Valley Printing Co. Inc. also is purchasing the
Florence newspaper's companion Internet site, TimesDaily.com, and
magazine.

Neither company disclosed the value of the deal, which was
announced Tuesday.

The TimesDaily was founded in 1889 as the Florence Times and has
been owned by The New York Times since 1982. It has a daily
circulation of nearly 28,000 and a Sunday circulation of more than
29,000.

The Decatur Daily is independently owned. It is under its fourth
generation of leadership from the Shelton family.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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