Bulletin to have new owners

Published 1:29 pm Friday, August 20, 2010

An agreement for sale of the Tryon Daily Bulletin by Tryon Daily Bulletin, Inc. and its owners, Jeffrey A. and Helen S. Byrd, has been reached in principle. It will take 45-90 days to complete the transaction. The buyer will be a newly formed N.C. entity, Tryon Newsmedia, LLC.

Tryon Newsmedia will publish the Tryon Daily Bulletin, tryondailybulletin.com, Appointments and affiliated publications. Owners of the new publishing company will be Boone Newspapers, Inc. (BNI) of Tuscaloosa, Ala., and its key personnel. BNI will be the controlling party in the new company. It manages newspapers in similar sized communities in North Carolina, Virginia, Georgia, Alabama, Mississippi, Minnesota, Ohio and Michigan. &bsp;

Byrd, who purchased the Bulletin in November, 1989 from Seth and Marjorie Vining, will consult with BNI in the transition and plans to remain in Tryon.

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Todd H. Carpenter of Natchez, Ms., is president and COO of BNI, and James B. Boone Jr of Tuscaloosa, Ala., is CEO. Timothy D. [Tim] Prince, publisher of the Shelby County [Ala.] Reporter, Clanton [Ala.] Advertiser, and a key manager for BNI, will also be working in transition of the newspaper to new ownership.&bsp; Carpenter and Prince are among the new owners.

Work to complete the transaction on or about September 30 is under way.