Swift Communications is selling its local media and publishing businesses to the West Virginia-based Ogden Newspapers
ASPEN, Colo. Swift Communications, which owns a chain of daily and weekly newspapers in the American West, announced Tuesday that it is selling its local media and publishing businesses to West Virginia-based Ogden Newspapers.
According to The Aspen Times, with the acquisition, Ogden Newspapers will publish 54 dailies in 18 states and several weekly newspapers and magazines, which is owned by Swift. The terms of the deal, which close on December 31, were not released.
Swift Communications was established in 1975. The family-owned business runs magazines, newspapers, websites, book publications and other digital products in several western states, including Colorado, Utah, South Dakota and California. It also publishes a handful of national magazines and magazines, including Goat Journal and Backyard Poultry Magazine.
Announcing the deal, Bill Waters, CEO and chairman of the board of Swift Communications, said, “We know the time has come to hand over stewardship to the new owners who can continue to drive this important mission.”
Swift’s Colorado publications include The Aspen Times and Snowmass Sun, Glenwood Springs Post Independent, Vail Daily, Summit Daily News, Steamboat Pilot, Craig Press and Sky-Hi News near Winter Park. Swift also has publications and offices in Park City, Utah; Lake Tahoe and Grass Valley, California; and Carson City, Nevada.
Ogden Newspapers CEO Robert Nutting said he is committed to the industry and understands the important role of community newspapers.
“Our company aims to be a positive force in the communities we serve – celebrating the unique strengths of each market while working to provide realistic solutions for their areas of concern,” Nutting said. “We believe that having strong, responsible and connected local newspapers is critically important now more than ever to building and supporting strong communities.”
Ogden Newspapers is a fifth generation family owned and operated newspaper company that was founded in 1890. It will continue to run existing Swift publications under the name Swift Communications.
After the closing date, Swift will change its name to Quester Corp.