GateHouse Media to purchase Austin American-Statesman

The Austin American-Statesman, located at 305 S. Congress Ave., Austin, is being sold to New York City-based newspaper publisher GateHouse Media for $47.5 million.

The sale is expected to close in early April and does not include the Statesman’s riverside property.

The newspaper was previously owned by Cox Enterprises for more than 40 years. GateHouse also operates the Center for News and Design in Austin.

512-445-3851. www.statesman.com

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