Overview

• Sonoma Media Investments has finalized the sale of The Press Democrat and six sister publications to MediaNews Group, part of Alden Global Capital.
• The transaction includes notable publications such as the Sonoma Index-Tribune, Petaluma Argus-Courier, and North Bay Business Journal.
• The terms of the sale were not disclosed, but the deal includes honoring the existing Pacific Media Workers Guild contract for editorial staff.
• MediaNews Group, which owns 68 daily newspapers and over 300 weekly publications nationwide, expands its Bay Area presence with this acquisition.
• Darius Anderson, managing member of Sonoma Media Investments, emphasized the importance of sustaining quality local journalism for the North Bay community.