Advertisement
  • National News
  • VA State News
  • WV State News
  • Contact Us
  • Submit Content
  • Subscribe
Subscribe For $2.50/month
ePrint Editions
New Castle Record
  • News
    • Local
    • Sports
    • Obituaries
    • Notices
    • Education
    • Church
  • Legals
  • About Us
  • Contact Us
  • eRecord
  • Classifieds
  • FAQ
  • Login
No Result
View All Result
  • News
    • Local
    • Sports
    • Obituaries
    • Notices
    • Education
    • Church
  • Legals
  • About Us
  • Contact Us
  • eRecord
  • Classifieds
  • FAQ
  • Login
No Result
View All Result
New Castle Record
No Result
View All Result

Newspaper group to be sold

Peggy MacKenzie by Peggy MacKenzie
October 15, 2020
in Local Stories, Uncategorized
0
0
SHARES
43
VIEWS
Share on FacebookShare on Twitter

SALEM – The parent companies of the Salem Times-Register and its sister newspapers are for sale, ordered by a federal bankruptcy court at the request of a major creditor, Wells Fargo.

Blue Ridge Newspapers Inc. and Montgomery County Newspapers Inc. filed Chapter 11 reorganization Dec. 3, 2010.

More recently, the sale was ordered by the end of August, along with publications in North Carolina and Tennessee.

Blue Ridge Newspapers Inc. publishes the Salem Times Register, The Fincastle Herald, The New Castle Record, Cave Spring Connection, and The Vinton Messenger.

Montgomery Newspapers Inc. publishes The News Messenger, and the News Journal, which serve Christiansburg, Radford, Blacksburg and the New River Valley.

E. Wilson Koeppel, who co-owns the companies with Jeffrey T. Stumb, said, “This is not the direction we planned when entering Chapter 11 reorganization, but it is the outcome that Wells Fargo along with the court felt compelled to pursue.”

“The future is bright for these quality and profitable publications, and will continue to serve each community with the best local news of any news media in the Roanoke and New River Valley areas. The only thing that will change is ownership,” Koeppel said.

Koeppel praised all the newspapers’ employees who live and work in those communities.

Financial qualified and interested parties should contact Sam B. Mitchell, who is in charge of the sale, at sbm@sbmnetwork.com or 702-430-6484, and Heard Law, Angela Ary, aary@heardlaw.com. or 256-535-0817.

Tags: bankruptcyCave Spring Connectionchapter 11Fincastle HeraldJeffrey StumbNew Castle RecordNew River ValleyNews JournalNews MessengerNewspapersreorganizationRoanoke Valley. Wilson KoeppelSalem Times-RegisterThe Vinton MessengerWells Fargo
Previous Post

Botetourt Resource Center needs helping hands

Next Post

Roanoke man arrested after late-night chase in Blue Ridge

Next Post

Roanoke man arrested after late-night chase in Blue Ridge

  • News
  • Legals
  • About Us
  • Contact Us
  • eRecord
  • Classifieds
  • FAQ
  • Login

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
No Result
View All Result
  • News
    • Local
    • Sports
    • Obituaries
    • Notices
    • Education
    • Church
  • Legals
  • About Us
  • Contact Us
  • eRecord
  • Classifieds
  • FAQ
  • Login

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.