As does the New Mexico Business Weekly. On Friday, the NM Business Weekly reported DW Turner is in the final stages of buying the previously-doomed paper. And as of Friday, DW Turner's President Tom Carroll seemed to be confident that they would soon own Albuquerque's second paper.
Tom Carroll, president of DW Turner, an Albuquerque public relations firm that made an offer for the paper, said Turner is in final negotiations with Scripps for a definitive purchase agreement and is putting together an investment group made up of mostly people from New Mexico. That process closes Dec. 17. Carroll said the plan is to seal the deal with Scripps by the end of the year.The main reason information is scarce is because the two sides have a confidentially agreement, so cannot speak about how negotiations are going. Hopefully we'll get some great news about the paper on either Dec 17 or by the end of the year. It would be a nice Christmas present if we were told the Journal wouldn't be our sole daily paper in the town.
Any purchase of the Trib won't include the JOA, seen by many to be the most profitable piece of the paper. Instead, the owner will essentially receive a paper without a printing press. But if that is what DW Turner wants, that is what they will get.
Also, KUNM says DW Turner will "not be hands off" in their approach to the paper. Uh oh.
The paper announced it would be seeking a buyer or going out of business on August 29.