The sale is expected to be completed by the end of July.
Chronicle Publications files abbreviated accounts (turnover less than £6.5m).
In the year to to December 2011, the last time it filed accounts, the company reported that shareholder funds had increased by around £60,000 to £856,298. The company has been consistentlly profitable in recent years apart from one year, 2008, when it recorded a six figure loss.
The company is owned by 21 private shareholders. The company’s chairman is Mr Walker who owns 12.55% of the equity.
Chronicle Publications already publishes two tittles in the same towns: the Goole Times and the Selby Post.
It has not yet been announced what the company proposes to do with the four titles shortly to be in its care, i.e., retained as separate titles or merged, however the editor of the Selby Post, Jane Rogers, told Prolific North that they were hoping to make an initial announcement next week.
None of the staff at the two JP titles, four journalists and advertising staff, will be transferring with the titles to Chronicle.
The Selby Times recorded an average sale of 5,765 copies according the latest ABC figures while the free Goole Courier claims a circulation of 13,181.
The Selby Post is not audited and the latest annual ABC figure for the Goole Times was 8,905.