PTZ Pulitzer

Pulitzer Newspapers, Inc. Acquires the HomeFinder Magazines In Bloomington, Illinois BLOOMINGTON, Ill., May 10 /PRNewswire-FirstCall/ -- Pulitzer Newspapers, Inc. (PNI), a subsidiary of Pulitzer Inc. and the parent of Pantagraph Publishing Co. (PPC), publisher of The Pantagraph, today announced the purchase of The HomeFinder, two monthly real estate magazines in Bloomington, IL, from Mark and Kimberly Lehmann, who conducted their operations under the name of K.P. Publications. Terms of the purchase were not disclosed. The HomeFinder serves both McLean and Livingston counties with separate publications that are distributed throughout the communities. Total monthly circulation for the two publications is 16,000. The two magazines will continue to be published as separate publications with their own mission and identity. Kimberly and Mark Lehmann have published the McLean County edition for almost 10 years and the Livingston County edition for seven years. Henry Bird, president of PPC, said, "Acquisition of The HomeFinder magazines fits well with our current real estate publication as they serve two separate audiences. By combining the resources of our own Home Market with those of The HomeFinder, we are optimistic that we will be able to provide the real estate community with products and services that best meet their needs. "We have had a great working relationship with the Lehmanns over these past years, and we are delighted that they have entrusted us with publications that they worked so hard to develop," Bird said. "We feel this is a good fit for our magazines," said Mark Lehmann. "We believe that the people at The Pantagraph are best suited to take these publications to the next level. They have a great deal of experience in this field and it is a natural fit for them." The Lehmanns will continue to work with the publications through a transitional period. In addition to The Pantagraph, PPC's operations include seven other weekly newspapers, a monthly business publication, a community shopping guide, a quarterly home and lifestyle magazine, and a news-based Web site. Pulitzer Inc., through various subsidiaries and affiliated entities, is engaged in newspaper publishing and related new media activities. The Company's newspaper operations include two major metropolitan dailies, the St. Louis Post-Dispatch and the Arizona Daily Star in Tucson, Ariz., and, through its Pulitzer Newspapers, Inc. (PNI) subsidiary, 12 other dailies and more than 65 weekly newspapers, shoppers and niche publications. In addition to The Pantagraph, The PNI dailies are The Daily Herald, Provo, Utah; the Santa Maria Times, Santa Maria, Calif.; The Napa Valley Register, Napa, Calif.; The World, Coos Bay, Ore.; The Sentinel, Hanford, Calif.; the Arizona Daily Sun, Flagstaff, Ariz.; the Daily Chronicle, DeKalb, Ill.; The Garden Island, Lihue, Hawaii; the Daily Journal, Park Hills, Mo.; The Lompoc Record, Lompoc, Calif.; and The Daily News, Rhinelander, Wisc. The Company's newspaper operations also include the Suburban Journals of Greater St. Louis, a group of 38 weekly papers and various niche publications. The Company's new media and interactive initiatives include STLtoday.com in St. Louis, azstarnet.com in Tucson, and Web sites for all of its other dailies. Pulitzer Inc. is the successor to the company originally founded by Joseph Pulitzer in St. Louis in 1878. DATASOURCE: Pulitzer Inc. CONTACT: James V. Maloney, Director of Shareholder Relations of Pulitzer Inc., +1-314-340-8402 Web site: http://www.pulitzerinc.com/

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