For the second time in about six years, the United States Virgin Islands Daily News has a new owner.
USVI-based businessman Archie Nahigian has purchased the newspaper, its affiliated publications, websites and business operations from Times-Shamrock Communications of Pennsylvania, the Daily News announced in a press release yesterday.
“The Daily News has been a vital institution in the lives of Virgin Islanders since its founding on Aug. 1, 1930,” said Mr. Nahigian, who became president of Daily News Publishing Co., Inc. effective yesterday. “I consider it a great privilege to be entrusted with this responsibility, and I hope to prove a worthy steward of that legacy.”
Daily News Publisher Jason Robbins said the ownership transition was running smoothly and that current managers, employment terms and operating procedures are to remain in place.
Mr. Nahigian, originally from California, recently relocated to St. Thomas from Lanai, Hawaii, according to the press release.
See the Oct. 2, 2014 edition for full coverage.
{fcomment}