Ownership of the Warsaw Times-Union will stay in the family.
Lane Williams Hartle, chairwoman of parent company Reub Williams & Sons Inc., announced an agreement to sell the paper to shareholder Chandler M. Williams and new co-owner Erin L. Williams.
The Warsaw Times-Union is a 9,000-circulation daily that has served Warsaw and Kosciusko County for more than 160 years.
The company announced in January that it had engaged Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, New Mexico, to explore a possible sale of the company.
Hartle said the owners were impressed with the number of parties that expressed an interest in the Times-Union and with the quality of the proposals they received.
After thorough review, the company decided the proposal submitted by Chandler Williams and Erin Williams was the strongest. The shareholders are pleased to see ownership of the Times-Union remain in the Williams family.
The Williams family has owned the newspaper since 1854, when General Reub Williams founded The Northern Indianian, which later evolved into the Warsaw Daily Times.
In the 1940s, the Williams family purchased the other daily newspaper in town, the Warsaw Union. The two newspapers were then merged into the Times-Union.