The family-held company that has owned the Columbus Dispatch for more than a century is selling its publishing operations to the New York-based New Media Investment Group, the companies announced Wednesday.
The newspaper's publisher, John F. Wolfe, described the decision to sell as "extraordinarily difficult." But he said it offers the best chance for the publication's future.
Wolfe described the decision as coming after carefully assessing the changing media landscape over several years.
"We are proud of our 110-year legacy of family ownership of The Dispatch, and the newspaper's heritage of quality journalism and community involvement," he said. "However, the past two decades of accelerating and challenging change in the newspaper industry made it clear to us that maintaining a single-city, family-owned paper in this environment was untenable long-term."
Wolfe said his family "will continue to be fully involved in the civic, community and philanthropic endeavors that promote the high quality of life that exists in central Ohio."