The family that has owned a daily newspaper in eastern North Carolina for more than 60 years says it plans to sell the paper to an Alabama-based company.
The Washington Daily News reports Wednesday that an agreement has been reached to sell the paper to Boone Newspapers Inc. of Birmingham.
Publisher Ashley Futrell Jr. says the paper needs to be part of a larger company to take advantage of economies of scale.
Under the name Washington Multimedia, Boone will manage the daily paper and some affiliated publications.
The Futrell family will have a minority stake in the new company and will maintain ownership of The Ocracoker, a weekly publication.
Boone Newspapers owns publications in eight states, including North Carolina.
Copyright 2014 by The Associated Press. All Rights Reserved.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.