A new sale to bring in more revenue and to buy more new and refurbished outlets in Tulare County is underway.
The sales were announced by Tulare’s chief operating officer, David McQuillan, at the beginning of February, but have since taken place.
“I’m very pleased that this sale has been completed, as we have completed the first phase of the purchase of approximately 3,500 additional new, fully refurbished, and used media outlets across the State,” Mr McQuellan said.
“As a result of this sale, the Tulare Times, the local newsroom, will continue to be owned by the state of California.”
Mr McQuallan said the sale would help fund the Tulamie County Times, which is currently struggling to cope with the impact of the Tulamee fires.
“We have been operating in a very difficult economic environment,” Mr McGowan said.”[The sale] will allow us to continue to focus on providing the public with information about the local economy and the communities we serve.”
Mr McGowan also said the deal would help pay for a new television station, which was set to launch in the coming weeks.
“The sale of the local media assets in Tulamies community has been a long time coming and we are very pleased to be able to continue this important work,” he said.
A number of local businesses have been looking to buy new media outlets in recent years, with the media sector seeing a rapid rise in the past decade.
In 2016, the market was worth $15.4 million, with new media and advertising revenue growing by 25 per cent, according to a report from the Tularamie Valley Business Association.
“This sale will help our local businesses to continue operating and expand,” Mr McNamara said.
The sale is the latest in a series of major deals announced by the county over the past few months.
The Tulamish Times, a local newspaper and the local newspaper website were bought for $7.2 million in 2015, followed by a number of community and cultural facilities and other assets in 2015 and 2016.