Midlands Newspapers Inc., a subsidiary of the Omaha World-Herald Co., has sold the Ames Tribune and six other publications in Iowa to Stephens Media Iowa LLC.
Stephens Media Iowa is a subsidiary of Stephens Media LLC, whose holdings include the Las Vegas Review-Journal and more than 50 other publications from North Carolina to Hawaii.
The purchase price was not disclosed.
Besides the Tribune, other properties in the deal are the Boone News-Republican, Dallas County News, Nevada Journal, Ames About People & Advertiser, Tri-County Times and Algona Upper Des Moines.
The World-Herald purchased the newspapers in 1999.
Terry Kroeger, CEO of the Omaha World-Herald Co., said the publications are outside the company's primary market area of Nebraska and western Iowa.
"So it makes sense to generate cash from our investment in the Tribune," Kroeger said. "We were fortunate to have found such a quality newspaper company to be the stewards of the Ames Tribune and Iowa Community Publications."
Kroeger said he was grateful to John Goossen, former publisher of the newspapers, and his staff for their work.
Replacing Goossen will be Tom Stallbaumer, publisher of the Morning News of Springdale, Ark. All other employees will be retained, and no changes in publication frequency or distribution are planned.
"I am pleased to welcome these fine newspapers into the Stephens Media family," CEO Michael Ferguson said.
"We are newspaper people, first and foremost," he said. "These are high quality newspapers in dynamic markets."
The purchase marks the return of Stephens Media to Iowa, Ferguson said. It previously owned the Oskaloosa Herald, where Stallbaumer was publisher, and the Clinton Herald.
Following the sale, The World-Herald Co. still owns seven daily newspapers in Nebraska and western Iowa.