Page 18 Advertisements Column 2

Press, 23 September 1980, Page 18

zr tri 4** 4** H*|irffl-14£ 1I?55 TtZta Bo V** R‘, R jR»» Rfc* "fa* «wT «mF International bifonnationSearching • if !' . ’ . Christchurch Phone 65-301. P.0.80x 13020, Itelex NZ4801.»

AN OPPORTUNITY TO OWN TWO OF NEW ZEALAND’S LEADING COMMUNITY NEWSPAPERS. One of Hew Zealand’s leading conimunity newspaper publishing companies is being reluctantly placed on the market for the first time. The family company has held ownership of the two newspapers and a commercial - : printing division since 1927. A decision to sell has been taken after much soul-searching with the directors recognising that now is the time for new blood. In the past three years, these two highly respected.newspapers, and the commercial printing division, have gone through a period of dramatic change to new offset technology and computerisation. The new owner/owners will not need further capital input in what must be one of the country’s most up-to-date facilities. One of the newspapers ] (published bi-weekly) has an audited paid circulation of 2700, and the other (a weekly) has an audited paid circulation of 1800. They are located within 12 miles of each other. Both newspapers have a high community profile and are widely respected throughout the membership of the Hew Zealand Community Newspaper Association. One of these newspapers has, ip fact, wor) a number of national community awards for'outstanding' journalism and community leadership. In order to negotiate s sale the family has set a realistic price of $250,000. This is based on vervsound profitability and a net asset backing of $245,000. This is an excellent opportunity for an investment in a quiet life-style in a pleasant community, at the same time providing an extremely good financial return.. Inquiries: Gordon Chesterman Managing Director, Communications Limited. f Media consultants, g Box 4181, Hamilton East Telephone: 85-212 (a h 84-851). Kt L i, rM-J.