Cox Media Group has reached an agreement to sell the building that previously housed print operations for its Ohio publications, the company announced Wednesday.
The sale to Capital Environmental Risk Transfer Alliance LLC, is expected to close May 25.
CMG Ohio closed the Franklin printing plant in 2017, after securing an agreement with Gannett Newspapers to print its three daily newspapers — the Dayton Daily News, Springfield News-Sun and Journal-News — as well as weekly publications in the company’s Indianapolis plant.
“We are proud of Cox Media Group’s rich, 120-year history publishing in the Dayton region and remain committed to adapting our operations to serve the changing demands of our customers,” said Rob Rohr, market vice president of Cox Media Group Ohio. “By investing in our integrated publishing, broadcasting and digital operations, we remain focused on being the most essential news, information and advertising source for the Miami Valley.”
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Capital Environmental Risk Transfer Alliance re-purposes industrial properties through conventional real estate transactions, environmental liability transfers and tax lien purchases. The company’s goal is to return sites back to productive use.
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