A North Carolina-based media company has acquired the Times Leader, the company announced Friday.
Avant Publications has purchased the daily newspaper along with its branded publications, including the Weekender, the Sunday Dispatch, the Abington Journal and its digital properties, according to the announcement. The properties were owned by Civitas Media, a portfolio company of Philadelphia-based private equity firm Versa Capital Management.
The announcement identifies Avant’s leadership as chief executives Scott Champion and Andrew Mok, Chief Financial Officer Corey Champion and Chief Technology Officer Nick DeLorenzo.
The Champions own Champion Media, which owns five daily newspapers and 21 weeklies in North Carolina, South Carolina, Ohio, Minnesota and Virginia. In 2017, Champion Media acquired Civitas’ properties in North Carolina and South Carolina, including five daily newspapers and 16 weeklies, according to an announcement in The Sampson (North Carolina) Independent.