The State Journal, which has been published by Dix Communications for more than 50 years, is being sold to Boone Newspapers Inc.
Publisher Ann Dix Maenza told the central Kentucky newspaper staff on Monday about the pending sale.
G. Charles Dix II, president of Ohio-based Dix Communications, told The State Journal that the two companies have signed letters of intent and are "moving toward the completion of a purchase agreement." They expect to close around September 1st.
Todd Carpenter, president and CEO of Alabama-based Boone Newspapers, said the company is looking forward publishing the Frankfort newspaper. In a memo to staff, he said company officials "are publishers by practice and background, not financial investors." Boone newspapers and its affiliates own about 40 newspapers, primarily in the South.