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4/12/2008 8:09:00 AM
Columbus-based Home News Enterprises sells Monticello newspaper

The Republic

   MONTICELLO - Home News Enterprises, The Republic's parent company, has sold the Monticello Herald Journal to the Community Media Group.

   "Home News Enterprises has had a great run with the Monticello Herald Journal for 26 years," said Chief Executive Officer Jeff Brown.
   "However, with the momentous changes taking place in our industry, HNE ownership wants to focus on developing our cluster of newspapers and commercial printing around the Indianapolis and southern Indiana areas and redeploy capital to other ventures."
   West Frankfort, Ill.-based Community Media Group owns newspapers in five states, including Indiana.
   "This ownership change will ultimately better serve the Herald Journal's readers and advertising customers," Brown said.

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