Pet Age Magazine to Be Sold to GateHouse Media
Journal Multimedia, whose business enterprises include Pet Age magazine, Central Penn Business Journal and other media outlets, is being sold to GateHouse Media, according to a report on the Central Penn Business Journal's website.
New York-based GateHouse owns more than 560 community papers, including the Erie Times-News and and The Record-Herald in Waynesboro.
Journal Multimedia was founded in 1984 by David A. Schankweiler, who co-owns the company with Lawrence M. Kluger.
Shankweiler said the sale is "a great opportunity for all of our brands," adding that he was "excited for the new opportunities for our readers and advertisers."
Schankweiler and Kluger declined further comment, according to the report, which said employees were informed of the sale in an email today. The sale price and other details of the deal were not disclosed.