AIM Media Texas explained

AIM Media Texas LLC
Type:Private
Location:1400 E. Nolana Loop, McAllen, Texas 78504 United States
Key People:Jeremy L. Halbreich, chairman and CEO
William R. "Rick" Starks, president and COO
Homepage:aimmediatexas.com

AIM Media Texas is a United States publisher of daily and non-daily newspapers, primarily in the Rio Grande Valley region of Texas.

In 2012, Freedom Communications began selling most of its newspaper portfolio.[1] Former Dallas Morning News president and American Consolidated Media founder Jeremy Halbreich founded AIM Media in order to purchase the Texas newspapers from Freedom[2] in a deal worth $70–80 million.[3]

The newspapers included:

At the time of the sale, the daily newspapers had a combined circulation of about 80,000 daily and 94,000 on Sunday.[3] The deal also included other associated weekly and monthly publications.

Company investors included Chicago-based businessmen Joe Mansueto of Morningstar, Inc. and private equity investor John Canning. Chief operating officer Rick Starks also owns a stake.[3]

Halbreich served as head of the Chicago Sun-Times company from 2009 to 2012 before leaving to form AIM Media.[4]

Notes and References

  1. Web site: AIM Media Texas, LLC acquires Texas newspapers. May 18, 2012. June 25, 2013.
  2. Web site: TNF selects 2013 class of Hall of Fame inductees . Texas Press Association . December 18, 2012 . June 25, 2013 . dead . https://web.archive.org/web/20140503023406/http://texaspress.com/index.php/messenger/2187-tnf-selects-2013-class-of-hall-of-fame-inductees . May 3, 2014 .
  3. Web site: Jeremy Halbreich targets Rio Grande Valley with latest newspaper venture. Cheryl Hall. July 28, 2012. June 25, 2013. Dallas Morning News.
  4. Web site: Canning, Mansueto invest in Texas newspaper group. Becky Yerak. Chicago Tribune. July 30, 2012. June 25, 2013.