AIM Media Texas is a United States publisher of daily and non-daily
newspaper
A newspaper is a Periodical literature, periodical publication containing written News, information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as poli ...
s, primarily in the
Rio Grande Valley
Lower Rio Grande Valley (), often referred to as the Rio Grande Valley (RGV) of South Texas, is a region located in the southernmost part of Texas, along the northern bank of the Rio Grande. It is also known locally as the Valley or the 956 (the ...
region of
Texas
Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...
.
In 2012,
Freedom Communications
Freedom Communications, Inc. was an American media conglomerate that operated daily and weekly newspapers, websites and mobile applications and television stations, as well as ''Coast Magazine'' and other specialty publications. Headquartered at ...
began selling most of its newspaper portfolio.
Former
Dallas Morning News
''The Dallas Morning News'' is a daily newspaper serving the Dallas–Fort Worth area of Texas, with an average print circulation in 2022 of 65,369. It was founded on October 1, 1885, by Alfred Horatio Belo as a satellite publication of the ' ...
president and
American Consolidated Media founder Jeremy Halbreich founded AIM Media in order to purchase the Texas newspapers from Freedom
in a deal worth $70–80 million.
The newspapers included:
*''
The Monitor'' (
McAllen
McAllen is a city in the U.S. state of Texas and the most populous city in Hidalgo County. It is located at the southern tip of the state in the Rio Grande Valley, on the Mexican border. The city limits extend south to the Rio Grande, across ...
)
*''
Valley Morning Star
The ''Valley Morning Star'', established in 1909 as the ''Harlingen Star'', is an American newspaper published in Harlingen in the U.S. state of Texas.
In 1938, ''The New York Times'' reported on a printer's strike at the newspaper that was orga ...
'' (
Harlingen)
*''
Brownsville Herald'' (
Brownsville)
*''
El Nuevo Heraldo
''El Nuevo Heraldo'' is a Spanish-language newspaper in Brownsville, Texas
Brownsville ( ) is a city in the U.S. state of Texas and the county seat of Cameron County, Texas, Cameron County, located on the western Gulf Coast in South Texas, ad ...
'' (
Brownsville)
*''
Odessa American
The ''Odessa American'' is a newspaper based in Odessa, Texas, that serves Odessa and the rest of Ector County.
The paper is particularly notable for its Pulitzer Prize-winning picture of Baby Jessica McClure when she was rescued from her well ...
'' (
Odessa
ODESSA is an American codename (from the German language, German: ''Organisation der ehemaligen SS-Angehörigen'', meaning: Organization of Former SS Members) coined in 1946 to cover Ratlines (World War II aftermath), Nazi underground escape-pl ...
)
*''
Mid-Valley Town Crier'' (
Weslaco) (semi-weekly)
*''
Coastal Current'' (
South Padre/
Port Isabel) (weekly)
At the time of the sale, the daily newspapers had a combined circulation of about 80,000 daily and 94,000 on Sunday.
The deal also included other associated weekly and monthly publications.
Company investors included Chicago-based businessmen
Joe Mansueto
Joseph Daniel Mansueto (born September 3, 1956) is an American billionaire entrepreneur; the founder, majority owner and executive chairman of Morningstar, Inc. He is also the owner of Major League Soccer club Chicago Fire FC and Swiss Super Leag ...
of
Morningstar, Inc.
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services.
With operations in 29 countries, Mornin ...
and private equity investor
John Canning
John A. Canning Jr. is a private equity investor and sports executive. He is the founder and chairman of Madison Dearborn Partners, the large Chicago-based private equity firm.
Career
Canning was an early investor in private equity in the late ...
.
Chief operating officer Rick Starks also owns a stake.
Halbreich served as head of the
Chicago Sun-Times
The ''Chicago Sun-Times'' is a daily nonprofit newspaper published in Chicago, Illinois, United States. Since 2022, it is the flagship paper of Chicago Public Media, and has long held the second largest circulation among Chicago newspaper ...
company from 2009 to 2012 before leaving to form AIM Media.
References
Newspaper companies of the United States
Companies based in McAllen
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