Champion to Acquire the Herald-Dispatch From Gatehouse Media

Headquartered in Huntington, W.Va., Champion Industries announced it has signed a definitive asset purchase agreement to acquire The Herald-Dispatch, also in Huntington, from GateHouse Media for a purchase price of $77 million. The transaction is expected to close during the Company’s fourth quarter, and is subject to regulatory approval and customary closing conditions. Champion intends to finance the acquisition with debt.