Written by R.J. Liberatore Jr. Wednesday, January 16, 2013 01:51 pm
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ABARTA, the parent company of The Press of Atlantic City, has put the newspaper and its related businesses up for sale.
John F. Bitzer III, president and chief executive officer of the Pittsburgh-based ABARTA Inc., notified Rick Travers, The Current’s publisher, of the decision to sell during a phone call Monday. Bitzer told The Press’ management that the company felt the paper’s needs could be better handled by a larger newspaper ownership group.
ABARTA is a third- and fourth-generation, family-owned business that has owned The Press for 60 years. The Current and ABARTA have been 50-50 partners for 15 years. ABARTA’s other businesses include operations in the frozen food, oil and technology fields.
James W. Hopson as been appointed interim publisher of The Press and will oversee the newspaper’s sale. Hopson was publisher of The Press Media Group from 1989-1994.
The Press Media Group also includes At the Shore, the weekly Hometown, SundaySaver, PressXtra, and Real Estate Monthly.