The Austin American-Statesman has recently been put up for sale as announced by Cox Media Group October 31. Employing over 200 people, the Statesman will be placed on the market together with its numerous websites and its seven additional community newspapers. Cox Media Group is also in the process of selling the Palm Beach Daily News and the Palm Beach Post based in Florida.
In a statement by the company, President Kim Guthrie identified that this decision was made as part of a move toward those markets in which Cox has several media assets. “After careful consideration, we have made the difficult but strategic decision to put our newspapers in Palm Beach and Austin up for sale. We have made the decision that we will be better equipped to operate our newspapers in Atlanta and Ohio, where we have the integrated opportunity with our TV and radio operations.”