The Valley News and Patriot-Advertiser will be acquired later this month by a community publishing company with strong local ties.
The pending transaction secures the local newspapers’ place in Fulton after an unsettling announcement two weeks ago by the Valley News’ owner, Scotsman Media Group, that it would be ceasing operations at its printing plants in Syracuse and Chenango Bridge and laying off some 90 employees.
Based on private negotiations with the Sample News Group at that time, Scotsman president William Veit said the Valley News would not be impacted by company’s closure.
The Sample News Group (SNG) has since reached an agreement in principle with Veit and Scotsman to purchase the Fulton newspapers. The new owners will continue to publish the twice-weekly Valley News and the Patriot-Advertiser from the current offices on South Second Street in Fulton.
The sale is expected to close on or about Aug. 1. Terms of the transaction were not disclosed.
The Sample News Group also owns and operates the Palladium-Times in Oswego, along with several other daily and weekly newspapers in the Northeast. The private, Pennsylvania-based company is built entirely around hometown, community newspapers that are managed locally, according to company president Kelly Luvison.
He said SNG operates local newspapers in New York, Pennsylvania, New Jersey, Maine, New Hampshire and Vermont.
“We’re a successful, news-centric company that believes in homespun local content in small towns,” Luvison said. “We focus on hyper-local news and advertising above all else when it comes to the future of newspapering, and we’re excited about having the Valley News in the mix. Fulton needs and deserves its own hometown newspaper.”
Luvison said the Valley News will continue to be published as an independent newspaper focused solely on the greater Fulton area, while also providing local advertisers’ with the ability to reach the maximum number of households in Oswego County — both in print and across digital platforms.
“Three publications a week in Fulton plus our daily newspaper in Oswego create a lot of eyeballs for our advertising clients,” he said. “This, and a newly constituted digital presence, makes for a really compelling package in the entire western half of Oswego County.”
Luvison said the company expects to maintain current staffing levels at the Fulton location.