Paddock Publications acquires SouthComm Publishing
ARLINGTON HEIGHTS, Ill. – Town Square Publications LLC, a subsidiary of Paddock Publications, Inc., announced today it has purchased the assets of Nashville-based SouthComm Publishing.
SouthComm Publishing, the custom publishing division for chamber of commerce magazines of SouthComm Inc., also based in Nashville, has been a significant competitor of Paddock’s Town Square Publications since Paddock entered the chamber of commerce specialty publications business nearly 10 years ago. The acquisition further accelerates the growth in this division for Paddock, and expands Town Square's national footprint, particularly in Arizona, Texas, Oklahoma, Virginia and Florida. With this acquisition, Town Square is now the largest publisher of chamber of commerce magazines and directories in the country.
For Paddock, this is the fourth major acquisition of a chamber publishing company’s assets in the past four years. The other purchases included the assets of Village Profile of Elgin, IL, CommunityLink of Pinckneyville, IL, and Lawton Publishing, located in Spokane, WA.
“The SouthComm acquisition is in keeping with the company’s strategic plan to grow Paddock’s business in new and different ways,” said Douglas K. Ray, Chairman, CEO and Publisher. “The decision to expand into the non-daily newspaper business has proved to be an excellent one, as the company’s niche divisions are contributing nicely to the overall revenue and profitability of Paddock Publications.”
Town Square Publications began developing chamber publishing partnerships in Chicago, the suburbs and neighboring states. Today, Town Square works with chambers of commerce across the country to secure advertising sales for and product development of community guides and chamber directories. Town Square also has recently begun working with convention and visitor bureaus (CVB’s) on development of their magazine-quality custom publications.
Paddock Publications has been a family-owned business since 1872. Commonly known as the Daily Herald Media Group, it offers a portfolio of products designed to deliver solutions for newspaper readers, online visitors, mobile users and advertisers in the north, west and northwest suburbs of Chicago. In addition to Town Square Publications, Paddock’s product suite includes the Daily Herald, Reflejos, Business Ledger, a large array of niche publications, a community newspaper group serving central and southern Illinois, and a commercial printing operation in Schaumburg, IL that produces high-quality web press products, glossy inserts, custom magazines and direct mail for a variety of customers.