Employees to buy the Chronicle
copyright the Chronicle September 17, 2014
Eleven long-time employees of the Chronicle have agreed in principle to buy the weekly newspaper from its founding publishers, Chris and Ellen Braithwaite.
While some details remain to be worked out, the basic elements of the deal have been agreed to, and the purchase should be complete by early 2015.
“It was time for Ellen and me to leave the paper,” said Mr. Braithwaite, who is 70. “This arrangement will permit us to leave behind an independent, locally owned newspaper that is excellently managed by a team of experienced owners who have worked together for years.
“The Chronicle owes its reputation to these people, and we can’t imagine leaving it in better hands.”
The Braithwaites founded the paper in East Albany in late March, 1974, with their friend and fellow journalist, Edward Cowan of Washington, D.C. Mr. Cowan sold his interest in the newspaper to the Braithwaites in the fall of 1974.
The buyers are general manager Tracy Davis Pierce, who will become publisher; editor Tena Starr; assistant editor Natalie Hormilla; reporters Paul Lefebvre and Joseph Gresser; circulation manager Georgia Young; LeAnn Cady from the production department; advertising salespeople Kjya Detoma and Zack Lafont; Billy Thompson, who has delivered the paper every Wednesday for decades; and Trudy Blackburn, who mails the paper to its subscribers and keeps its Water Street office in good order.
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