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GateHouse Media purchased The Palm Beach Post and Palm Beach Daily News for $49.3 million.
The papers have been owned since 1969 by Atlanta-based Cox Enterprises. The sale is expected to be completed by May.
The Palm Beach Post reports print and paid digital circulation of nearly 80,000 and 102,000. The Palm Beach Daily News has a daily circulation of more than 4,500.
With the purchase, GateHouse would own more than 140 daily newspapers.
Read more from The Associated Press.
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