Minneapolis-based The Dolan Company announced today that it has signed an agreement to sell the Colorado Publishing Company – including the Colorado Springs Business Journal and The Transcript – to the Publishing Corp. of Colorado Springs, a sister company of The Colorado Springs Independent.
The sale takes effect May 31.
Publisher Kathleen Gobos told employees of the pending sale during a staff meeting today. She also introduced John Weiss, co-founder and publisher of The Independent, a free weekly alternative newspaper launched in 1993.
The Dolan Company, which publishes business and legal newspapers and operates electronic information services in more than 20 U.S. markets, had announced in March its intentions to sell the Colorado Publishing Company, one of its smallest operations.
Dolan acquired the Business Journal in July 1998 and added The Daily Transcript in March 2002.
“When we acquired the Colorado Springs Business Journal, we were a very different company,” said President James P. Dolan. “We have expanded into a number of new business lines in recent years. When John Weiss called to inquire whether the Business Journal could be acquired, at first we said no, but we thought about it and decided that CSBJ deserved a more attentive owner, possibly somebody local.”
The sale includes the Colorado Publishing Company’s web sites, events and special publications. The company also publishes and distributes several publications for the U.S. military in the region, including the Fort Carson Mountaineer, the Peterson Air Force Base Space Observer and the Schriever Sentinel on Schriever Air Force Base.
Gobos said the company will ask base commanders for consent to transfer those publishing contracts to the new owner.