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AIM Media Texas

Summary

AIM Media Texas is a United States publisher of daily and non-daily newspapers, primarily in the Rio Grande Valley region of Texas.

AIM Media Texas LLC
Company typePrivate
IndustryMedia
Headquarters1400 E. Nolana Loop, McAllen, Texas 78504 United States
Key people
Jeremy L. Halbreich, chairman and CEO
William R. "Rick" Starks, president and COO
ProductsNewspaper
Websiteaimmediatexas.com

In 2012, Freedom Communications began selling most of its newspaper portfolio.[1] Former Dallas Morning News president and American Consolidated Media founder Jeremy Halbreich founded AIM Media in order to purchase the Texas newspapers from Freedom[2] in a deal worth $70–80 million.[3]

The newspapers included:

At the time of the sale, the daily newspapers had a combined circulation of about 80,000 daily and 94,000 on Sunday.[3] The deal also included other associated weekly and monthly publications.[4]

Company investors included Chicago-based businessmen Joe Mansueto of Morningstar, Inc. and private equity investor John Canning.[4] Chief operating officer Rick Starks also owns a stake.[3]

Halbreich served as head of the Chicago Sun-Times company from 2009 to 2012 before leaving to form AIM Media.[4]

References edit

  1. ^ "AIM Media Texas, LLC acquires Texas newspapers". May 18, 2012. Retrieved June 25, 2013.
  2. ^ "TNF selects 2013 class of Hall of Fame inductees". Texas Press Association. December 18, 2012. Archived from the original on May 3, 2014. Retrieved June 25, 2013.
  3. ^ a b c Cheryl Hall (July 28, 2012). "Jeremy Halbreich targets Rio Grande Valley with latest newspaper venture". Dallas Morning News. Retrieved June 25, 2013.
  4. ^ a b c Becky Yerak (July 30, 2012). "Canning, Mansueto invest in Texas newspaper group". Chicago Tribune. Retrieved June 25, 2013.