JC Press sold to owners of Kingsport Times -News

JOHNSON CITY -- The board of directors of Press Holding Corporation announced today it has reached an agreement to sell its newspapers to Sandusky Acquisition Corporation, an affiliate of Sandusky Newspapers, Inc., an Ohio corporation.
   Sandusky Newspapers Inc. owns and operates the Kingsport Times-News and other newspapers.
   Involved in the sale are the Johnson City Press, The Erwin Record, The Tomahawk in Mountain City, the Herald and Tribune in Jonesborough, all in East Tennessee; the Lebanon Democrat and the Hartsville Vidette in Middle Tennessee; and The Covington Leader and The Fayette Falcon in West Tennessee.
   The Johnson City Press was founded in 1934 by the late Carl A. Jones. Since his death in 1991, the papers have been operated by his children, Timothy P. Jones, Carleton A. Jones III, John A. Jones and Alice Jones Torbett.
   In an article in today's edition of the Press announcing the sale, David Rau, chairman and president of Sandusky Newspapers, Inc. said, "We are honored and feel very fortunate that the Jones family has chosen to entrust the Press and all their family newspapers to Sandusky...We are very excited about a chance to grow the Press along with Johnson City, which has a very bright future."
   Rau said he expected the news staff of The Press and Times-News to continue to compete, with each newspaper's primary focus on how best to serve the local readership.
   Rau said he is naming Arthur S. "Art" Powers, former publisher of the Bristol Herald-Courier, as publisher of the Press once the transaction is completed.
   Terms of the agreement were not disclosed. The sale is expected to close April 30.