The Wood River Journal, the weekly newspaper at Hailey, is ending publication effective today. Its assets (including its archives) have been sold to its long-time rival at Ketchum, the Idaho Mountain Express.
Call this one a little surprise, and a really short term in newspaper ownership. The Post Company (publisher of the Idaho Falls Post-Register) bought the Journal in April; the in-state ownership sounded at the time like a new life lease for the Hailey paper.
The Journal (and predecessors) had published for 127 years. From one of its last articles:
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Faced with a deteriorating economy and falling real estate market, the Journal’s owners have reluctantly concluded the Valley cannot support two newspapers. The assets of the Journal have been sold to the Idaho Mountain Express.
“We are deeply saddened by this,” said publisher Jerry Brady, president of the Journal and Post Company, which has been managing the newspaper since May 1. “All of us who tried to save the Journal and its long tradition gave it our best shot. However time and capital ran out on us. Sale to the Express was the best course open at this time.”