AIM Media Texas
| Private | |
| Industry | Media |
| Headquarters | 1400 E. Nolana Loop, McAllen, Texas 78504 USA |
Key people |
Jeremy L. Halbreich, chairman and CEO |
| Products | Newspaper |
| Website | aimmediatexas.com |
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:
- 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)
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.[4]
Company investors included Chicago-based businessmen Joe Mansueto of Morningstar, Inc. and private equity investor John Canning.[4] Chief operating officer Rick Starks also owns a stake.[3]
Halbreich served as head of the Chicago Sun-Times company from 2009-2012 before leaving to form AIM Media.[4]
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.
- 1 2 3 Cheryl Hall (July 28, 2012). "Jeremy Halbreich targets Rio Grande Valley with latest newspaper venture". Dallas Morning News. Retrieved June 25, 2013.
- 1 2 3 Becky Yerak (July 30, 2012). "Canning, Mansueto invest in Texas newspaper group". Chicago Tribune. Retrieved June 25, 2013.