Media: GateHouse sells out

The monopoly-loving newspaper chain just regurgitated some of the newspapers it recently gobbled up:

After nearly three decades, the ownership of the Yankton (South Dakota) Daily Press & Dakotan is returning home.

An agreement was announced Wednesday by which the Press & Dakotan will be purchased by Yankton Media, Inc., headed by current P&D publisher Gary Wood, from GateHouse Media, Inc., of Fairport, N.Y.

The purchase agreement also includes the Vermillion Plain Talk, the Missouri Valley Shopper, the Vermillion-based Broadcaster and the Town and Country Weekly News. Wood also serves as publisher of those four publications.

The ownership changeover takes effect Saturday, March 1, three months after GateHouse purchased the local properties from Morris Communications of Augusta, Ga.