The Advocate in La. says its signs intent to sell - FOX 8 WVUE New Orleans News, Weather, Sports

The Advocate in La. says its signs intent to sell

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BATON ROUGE, La. (AP) - The Advocate newspaper in Baton Rouge is reporting that its publisher has signed a letter of intent to sell the paper to New Orleans businessman John Georges.

The Advocate reports that the deal is expected to close by June 1.Terms were not disclosed.

The Advocate's average weekday circulation is about 98,000 and Sunday circulation is about 125,000 - boosted by its recent entry into the New Orleans market.

David Manship is publisher of The Advocate and chief operating officer of Capital City Press, which owns it.

He and Richard Manship, president and chief executive officer of Capital City Press, announced the agreement in a news release but would not comment further.

David Manship said the sale will be a stock sale with no planned interruption in business.

Georges declined to comment, citing a confidentiality agreement.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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