Advertisement
YOU ARE HERE: LAT HomeCollections

Ohio Paper May Close by Year-End

September 18, 1985|Associated Press

COLUMBUS, Ohio — The editor of the Columbus Citizen-Journal announced Tuesday that the morning daily will probably close Dec. 31 because a potential sale to a group of investors collapsed last week.

The newspaper's future is threatened because Dispatch Printing Co., which publishes the afternoon Columbus Dispatch, has said it will not renew a joint operating agreement with the Citizen-Journal. The agreement expires at the end of the year.

Under that agreement, Dispatch Printing prints, delivers and sells advertising for both newspapers and splits revenue with Scripps-Howard, which owns the Citizen-Journal. The 75 editorial employees of the Citizen-Journal, which has a circulation of about 118,000, work independently of that agreement.

"The announcement of the end of the joint operating agreement was made two years ago. Nothing has happened yet, and I don't think anything can happen in three months," Editor Richard R. Campbell said after the staff meeting.

There was a tentative agreement with Equity Planning Corp., a Beachwood, Ohio, investment firm, to arrange for purchase of the paper, but that deal fell through last week.

Advertisement
Los Angeles Times Articles
|
|
|