Report: New Media Investment Group Inc. completes $280 million purchase of Halifax Media Group

MarketsAssociated Press

One of its newly acquired newspapers is reporting that New Media Investment Group Inc. has completed the purchase of the Halifax Media Group.

Kirk Davis is CEO of GateHouse Media LLC, a subsidiary of publicly traded New Media.

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The Daytona Beach News-Journal ( ) reported that Davis visited the paper on Friday, right after the $280 million purchase of Halifax, which owned the Florida publication and 35 other newspapers across the country.

According to its website, New Media is "one of the largest publishers of locally based print and online media in the United States as measured by number of daily publications." The company says it operates in more than 370 markets in 27 states, with a portfolio that includes 450 community publications and more than 370 related websites.

No one immediately returned telephone messages left with New Media and Halifax Media late Friday.