New York-based GateHouse Media is buying the Austin American-Statesman for nearly $50 million, the Austin newspaper announced Tuesday.
After Cox Enterprises owned the Statesman for more than 40 years, GateHouse Media purchased the paper for $47.5 million. That price tag also covers the Statesman's Spanish language paper, Ahora Si, the Bastrop Advertiser, Lake Travis View, Pflugerville Pflag, Round Rock Leader, Smithville Times and the Westlake Picayune.
Cox Enterprises put the newspaper on the market Oct. 31.
The Statesman said the sale does not include the nearly 19 acres of property on Lady Bird Lake where the newspaper's offices sit. The land is owned by the family entity associated with Cox Enterprises and is the subject of ongoing redevelopment plans.
