Newspaper Association) — The Eau Claire Press Company, a
fourth-and-fifth-generation family-owned media company, is being
sold to Minneapolis-based
Adams Publishing Group.
Included in the
sale are The Leader-Telegram, a daily newspaper; The Country Today,
a weekly agricultural newspaper; Leader Printing, a commercial
printing division; a shopper; digital and marketing services; and
their associated websites.
is scheduled to close for an undisclosed amount. The sale was
announced in a joint statement of the two companies.
“After a 130
years of family ownership, selling The Eau Claire Press Company was
not an easy decision for the Graaskamp and Atkinson families,” said
Pieter Graaskamp, president and CEO of The Eau Claire Press Company.
“However, at a board strategic planning session, we discussed the
long-term viability of an independently owned family media company.
We came to the difficult decision nearly a year ago that selling was
the best option for our employees and the communities we serve.”
right company to succeed the Atkinson and Graaskamp families was a
challenge,” he added. “There are a number of outstanding suitors
across the country; but, when we met the members of the Adams
family, we felt from the beginning that they would be an excellent
choice to succeed our families.”
All of The Eau
Claire Press Company’s employees will be offered employment and
benefits with Adams Publishing Group.
Graaskamp, who was president of the Wisconsin Newspaper Association
Board of Directors from 2011-12, will continue as president and CEO
of The Eau Claire Press Company, a role he has held for more than 14
years. Dan Graaskamp will continue as vice president of sales and
Mike Carlson will continue as director of circulation and marketing.
Publishing Group owns and operates newspapers and printing plants in
11 states and is a division of the Adams Office, which owns and
operates a number of other businesses, including Adams Outdoor,
Fairway Outdoor, Adams Radio Group, Good Sam/Camping World, and
wineries and vineyards in the United States and Europe.
excited to welcome The Eau Claire Press Company to our family of
companies,” said Stephen Adams, chairman of Adams Publishing Group.