AIM Media Texas is a United States publisher of daily and non-daily newspapers, primarily in the Rio Grande Valley region of Texas.
In 2012, Freedom Communications began selling most of its newspaper portfolio.[1] Former Dallas Morning News president and American Consolidated Media founder Jeremy Halbreich founded AIM Media in order to purchase the Texas newspapers from Freedom[2] in a deal worth $70–80 million.[3]
The newspapers included:
At the time of the sale, the daily newspapers had a combined circulation of about 80,000 daily and 94,000 on Sunday.[3] The deal also included other associated weekly and monthly publications.
Company investors included Chicago-based businessmen Joe Mansueto of Morningstar, Inc. and private equity investor John Canning. Chief operating officer Rick Starks also owns a stake.[3]
Halbreich served as head of the Chicago Sun-Times company from 2009 to 2012 before leaving to form AIM Media.[4]
- The Monitor (McAllen)
- Valley Morning Star (Harlingen)
- Brownsville Herald (Brownsville)
- El Nuevo Heraldo (Brownsville)
- Odessa American (Odessa)
- Mid-Valley Town Crier (Weslaco) (semi-weekly)
- Coastal Current (South Padre/Port Isabel) (weekly)
References
- AIM Media Texas, LLC acquires Texas newspapers May 18, 2012, retrieved June 25, 2013^
- TNF selects 2013 class of Hall of Fame inductees Texas Press Association, December 18, 2012, retrieved June 25, 2013^
- Cheryl Hall. Jeremy Halbreich targets Rio Grande Valley with latest newspaper venture Dallas Morning News, July 28, 2012, retrieved June 25, 2013^
- Becky Yerak. Canning, Mansueto invest in Texas newspaper group Chicago Tribune, July 30, 2012, retrieved June 25, 2013^