Cox Newspapers Inc. has decided to sell the
Austin American-Statesman and 28 other newspaper properties, reports the Texas newspaper, including 10 Texas community weeklies, to pay down debt.
Sandy Schwartz, president of Cox Newspapers, believes he will have a series of bidders around the middle of November. Hearst Corp., which owns the
Houston Chronicle and the
San Antonio
Express-News, is on the short list of prospective buyers. The
Austin American-Statesman is considered one of the better-performing papers for its size.
