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Landmark suspends sale of media properties

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Landmark Media Enterprises LLC announced Wednesday that it has suspended the search for buyers for most of its properties, including community newspapers The Gazette and The Declaration, citing the "credit crisis."

But the company is continuing negotiations to sell The Virginian-Pilot.

"We are having discussions regarding The Virginian Pilot with an interested buyer," said Landmark's vice chairman, Richard F. Barry III, on Wednesday. "The buyer is encouraged about obtaining financing."


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The Gazette | circulation@galaxgazette.com | 276-236-5178 ex 204
P.O. Box 68, 108 West Stuart Drive, Galax, VA 24333
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday