Scripps completes sale of Dallas Community Newspapers to Lionheart

Mon, January 04, 1999 by Rich Boehne

CINCINNATI, Ohio – The E.W. Scripps Company today completed the previously announced sale of its Dallas Community Newspaper Group to Lionheart Holdings LLC.The Dallas Community Newspaper Group includes the Plano (Texas) Star-Courier, published five days a week, and seven non-daily newspapers that circulate in suburban Dallas. The Dallas group was acquired by Scripps from Harte-Hanks Communications in 1997, along with four daily newspapers in Texas and one in South Carolina.Lionheart Holdings, based in Fort Worth, Texas, is a 39-masthead community newspaper concern formed by Richard L. Connor and John E. Coots in partnership with Weiss, Peck & Greer’s Private Equity Group and Waller-Sutton Media Partners, L.P. Terms of the transaction were not disclosed.The E.W. Scripps Company operates 19 daily newspapers; nine network-affiliated television stations; two TV networks, Home & Garden Television and the Food Network; a TV programmer, Scripps Productions; United Media, a worldwide syndicator and licensor of news features and comics; Scripps Howard News Service; and publishes independent Yellow Pages directories.