MClatchy buying the Durham Herald-Sun from Paxton

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McClatchy, which owns the Charlotte Observer and the Raleigh News & Observer is purchasing the Durham Herald-Sun from Paxton.

Raleigh News & Observer publisher Sara Glines says that the Durham Herald-Sun has remained profitable. Paxton Media Group bought the Herald-Sun in 2004, but the paper was hit by the same economic challenges as the rest of the industry, losing print subscribers and advertising.

Some in the community think that McClatchy’s acquisition of the Herald-Sun will give the paper a more secure future: “With the acquisition by McClatchy, it insures there will be a local paper focused on Durham. I would hope McClatchy invests serious resources,” said Lew Myers of the economic development group Downtown Durham.