The Washington Post Co. has signed an agreement to sell the Everett, Wash., Herald, a daily newspaper it has owned since 1978, to Black Press of Canada and its U.S. subsidiary Sound Publishing for an undisclosed amount.
The sale will include the Herald’s print and online products, although for the time being The Post Co. will retain two pieces of real estate assessed at about $10 million.
Founded in 1975, Black Press is a private chain with more than 170 small community newspapers concentrated in British Columbia, Alberta and Washington state. The company also owns the Honolulu Star-Advertiser and the Akron (Ohio) Beacon Journal, both daily newspapers.
Although most big newspaper companies are contracting, Black Press has expanded. In a 2008 profile of the company’s founder, David Holmes Black, the Seattle Weekly said that about a million households in Washington state would have a paper owned by Black “land in their front yard” or would read one bought at a newsstand.