Taylor, whose storied career includes the launching of the Sunday edition, the purchase of the Rock Island Argus, the conversion to morning delivery and the founding of at the beginning of the digital age. “It has been a great journey under the leadership of (Rock Island Argus Publisher) Gerald J. “The choice of selling this property after a half-century was a difficult, but necessary move,” Small Newspaper Group President Len R. Lee said Debbie Anselm, publisher of the Quad-City Times and the Muscatine Journal, will become publisher of The Dispatch-Argus, succeeding Gerald J. The newspaper has a circulation of about 25,000.
#Dispatch argus free#
We expect the acquisition to provide immediate value, accretive to both earnings and free cash flow.” “It is adjacent to two of our Iowa enterprises, in Davenport and Muscatine, so this will expand our audiences and create additional synergy opportunities.
“The Dispatch-Argus is a perfect strategic fit for Lee,” Lee President and CEO Kevin Mowbray said in a statement. The sale was expected to close in late June.ĭirks, Van Essen & Murray, the Santa Fe, N.M.-based merger and acquisition firm, represented Small Newspaper Group in the transaction. Lee announced the purchase price as $7.15 million, including an adjustment for working capital. Family-owned Small Newspaper Group is selling the assets of its Illinois-side Quad-Cities daily, The Dispatch-Argus to Lee Enterprises, publisher of the Quad City Times in Davenport, Iowa.
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