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Other newspapers included in the deal are: Sarasota Herald-Tribune in Sarasota, Fla.; The Ledger in Lakeland, Fla.; Star-News in Wilmington, N.C.; Herald-Journal in Spartanburg, S.C.; Star-Banner in Ocala, Fla.; The Gainesville Sun in Gainesville, Fla.; The Gadsden Times in Gadsden, Ala.; The Courier in Houma, La.; Times-News in Hendersonville, N.C.; Daily Comet in Thibodaux, La.; The Dispatch in Lexington, N.C.; Petaluma Argus-Courier in Petaluma, Calif.; and North Bay Business Journal in Santa Rosa, Calif. "The strong local news coverage these papers provide represents not only an important community service, but, in our eyes, a good investment," Michael Redding, Halifax Media's CEO, said in Tuesday's announcement. Privately held Halifax Media lists among its investors Stephens Capital Partners LLC and Redding Investments. The New York Times Co. publishes its namesake newspaper as well as The Boston Globe and other newspapers. It also owns About.com. Its shares added a penny to $7.77 in extended trading following the announcement. They had ended the regular trading session down 3 cents at $7.76.
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