Two California political power brokers are expanding their stake in the North Bay newspaper market.
Sacramento lobbyist Darius Anderson and former Democratic Rep. Doug Bosco are reportedly part of a group of investors purchasing the Santa Rosa Press Democrat from its current owner, Halifax Media Group.
The Press Democrat reports:
The same group, called Sonoma Media Investments LLC, earlier this year bought the Sonoma Index-Tribune, the Sonoma-based newspaper that publishes twice a week.
The sale by Halifax Media Group includes the weekly Petaluma Argus-Courier and North Bay Business Journal in Santa Rosa and affiliated websites for The Press Democrat and the two weeklies.
The terms of the deal were not announced. The purchase is expected to close early this month.
The full Press Democrat piece is posted at this link.