Online Edition
Friday, October 31, 2014

Agreement reached for sale of Oxford EAGLE

An agreement for the sale of The Oxford EAGLE by members of the

Phillips and Vasilyev families of Oxford has been reached in

principle. Work to complete the transaction is under way. The buyer

will be a newly formed Mississippi entity, Oxford Newsmedia, LLC.

Oxford Newsmedia, a subsidiary of Boone Newspapers, Inc. (BNI) and

Carpenter Newsmedia, LLC (CNL), will publish The Eagle, its website

and all affiliate publications.

 

 

BNI and CNL also own newspapers in Mississippi including The

(Brookhaven) Daily Leader, The Natchez Democrat, The Picayune Item,

The Prentiss Headlight, The Poplarville Democrat and The Vicksburg

Post. BNI is controlled by James B. Boone, Jr. (Jim), its chairman.

CNL is controlled by Todd H. Carpenter, who is president of BNI. BNI

will manage the new company. CNL and BNI own, and BNI manages,

newspapers in similar sized communities in Alabama, Georgia, North

Carolina, Louisiana, Michigan, Mississippi, Minnesota, Ohio,

Tennessee and Virginia.

 

 

Members of the Phillips and Vasilyev families will be leaving their

operating roles at the newspaper. Other staff members are expected to

remain.

 

“Our family has been involved with The EAGLE for eight decades and we

are filled with mixed emotions at this time,” Co-Publisher Rita

Goolsby Vasilyev said. “We are at a point in time where we feel it is

best for the paper, its employees and the LOU community to go down

this path.”

 

“We are confident that the people of our community will realize the

value of The Oxford EAGLE as Oxford’s ‘hometown’ newspaper,” Vasilyev

continued, “and will continue to support the new ownership. We want

to offer our thanks to all of our loyal employees and know they will

continue to do the same great job under the leadership of the Boone

organization.”

 

“The Phillips family has been involved in ownership of The EAGLE for

the past 53 years,” Co-Publisher Tim Phillips said. “The EAGLE has

been the place that my father Jesse, and late brother Dan and myself

have called home on a daily basis. I would like to thank our

employees for their dedication to the EAGLE and for being a part of

my extended family for 34 years.

 

“Boone Newspapers, Inc. has made the commitment to keep our staff

intact and will continue to produce the product that our families

have strived to produce on a daily basis,” Phillips said. “The Oxford

EAGLE will always be a part of our community and will remain the

paper that is associated with Oxford, and Boone will do nothing but

make The EAGLE stronger going forward.

 

“We have known the Phillips family for many years and had the honor

of working with Danny in Natchez and in Russellville, Ala.,”

Carpenter said. “We have come to know the Vasilyevs during this

process and have gained a deep respect for them as well, and we knew

and had much respect for Nina Goolsby.”

 

“We appreciate and benefit from the excellent foundations put down by

those whom have led the newspaper over the years, and the excellent

staff who now serve its readers and customers daily. We look forward

to joining them in that important work and in positioning ourselves

and the newspaper to serve this excellent community.”

 

The transaction is expected to be completed on or about April 30. (April 25, 2014, Page 1A)

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