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The article discusses investor interest in small-market newspapers in the U.S., at a time when large-city publications are suffering from layoffs and declining circulation. Michael Schroeder purchased two small papers in Connecticut, and Tennessee Valley Printing Co. bought a Florence, Alabama publication from the New York Times Co. for around $12 million.

The article reports on the decision of New York Times Co. to sell the "TimesDaily," a newspaper based in Florence, Alabama and part of the Regional Media Group. It mentions that vice chairman Michael Golden was appointed president and chief operating officer of the group. It cites that the buyer of the paper is Tennessee Valley Printing Co., but terms of the sale were not disclosed. It notes that Times has been trying to sell assets to improve liquidity as it faces declining profit and looming debt payments.