For Sale: Austin American-Statesman

According to reports from Editor & Publisher, Cox is planning to sell the Austin American-Statesman, its community newspapers in North Carolina, Colorado and Texand and its direct mail operation in Valpak.
The company said it will retain ownership of The Atlanta Journal-Constitution, The Palm Beach Post in Florida, and the Dayton Daily News in Ohio.
From the story:

"This decision was made as part of an ongoing strategic review of our portfolio and enables us to maintain our strong and stable financial performance by further paying down debt," Jim Kennedy, chairman and CEO of Cox Enterprises, said in a statement.

To read the full report click here.