News

Valley Record sold

Horvitz Newspapers Inc. has signed separate agreements with

Puget Sound Publishing Co. and Sno-Valley Media Inc. to purchase four

weekly newspapers published in King County that will expand its newspaper

distribution within the county to over 180,000 households. These

acquisitions, announced today, will become effective Dec. 1.

Horvitz Newspapers owns the Eastside Journal and South

County Journal, daily newspapers based in Bellevue and Kent, as well as

two weekly newspapers, the Mercer Island Reporter on Mercer Island and

the Northshore Citizen, based in Bothell.

It will purchase the Renton Reporter, Kent Reporter and Auburn

Reporter from Puget Sound Publishing Co. The Renton Reporter is a

free-distribution weekly newspaper mailed to the residents of Renton. The Kent

Reporter and Auburn Reporter are mailed to the residents of Kent and

Auburn, every other week.

Horvitz Newspapers will also purchase the Snoqualmie Valley

Record from Sno-Valley Media Inc. The Record is a paid weekly

newspaper based in Snoqualmie, serving the communities of North Bend,

Snoqualmie, Fall City, Preston, Carnation and Duvall.

Denis Law, owner and president of Puget Sound Publishing Co., will

join Horvitz Newspapers as vice president of its weekly newspaper division,

and will continue as publisher of the Renton, Kent and Auburn

Reporters, as well as serve as publisher of the Northshore Citizen and

Snoqualmie Valley Record.

Peter Horvitz, president of Horvitz Newspapers, said, "I gained great

respect for Denis while competing against his newspapers in

Renton, Kent and Auburn, and am delighted that he has agreed to allow us to

purchase his newspapers and join our team."

"The Renton, Kent, and Auburn Reporters have much in common

with the South County Journal, and under common ownership we can take

advantage of their synergies to serve readers and advertisers better,"

Horvitz said.

"We're very excited about this new venture," Law said. "As a part

of Horvitz Newspapers, we will have more resources that will enable us

to produce better newspapers for our readers and provide new

marketing opportunities for our advertisers."

Currently, Sno-Valley Media is owned by Jim and Karen

McKiernan. Jim McKiernan will join Horvitz Newspapers as general manager of

the Snoqualmie Valley Record. He will manage the Record's day-to-day

operations.

This is the second time in recent years that Horvitz Newspapers

will have owned a weekly newspaper published in the Snoqualmie Valley.

In 1994, it acquired the SnoqualmieValley Reporter,

which was published until January, 1998, when it was closed for financial

reasons.

Horvitz said, "I'm delighted that Jim and Karen McKiernan

have agreed to sell the Snoqualmie Valley Record to us and that Jim will be

joining our company. We've known them as a tough competitor, and now I

look forward to welcoming Jim, Karen and the Record to our family of

community newspapers."

"We are very excited to see a great community newspaper move to

the next level," said Jim McKiernan. "With the acquisition of Puget

Sound Publishing and the creation of a weekly newspaper division, it's

obvious to me that Peter recognizes the important role of newspapers like

the Record," he added. "It is becoming more apparent that people want

news and information that is pertinent to their lives. Weekly newspapers

provide that relevance and are the backbone of many communities. It will

be very exciting to draw on the resources of Horvitz Newspapers to make

the Snoqualmie Valley Record even better."

"We are very grateful to our loyal readership and many advertisers

for the five great years we have had running the Record," added

McKiernan. "We plan on staying very involved

in the local community since it has been our home all of our lives. This

change will allow us to focus more on our children and family while still

being involved in the activities of a great community newspaper," he continued.

Horvitz said, "The addition of these weekly newspapers to our

family of daily and weekly papers in King County will increase our

efficiency and allow us to provide higher quality and better customer service to

our readers and advertisers."

Horvitz Newspapers is a family-owned company based in

Bellevue, Wash., which owns four daily newspapers, the Eastside Journal,

South County Journal, Peninsula Daily News based in Port Angeles, Wash., and

The Daily Times based in Maryville, Tenn., in addition to the weekly Mercer

Island Reporter and Northshore Citizen.

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