American Community Newspapers
Spire Capital invested in American Community Newspapers, LLC (“ACN”) in December 2004. Under Spire Capital’s management, ACN was a leading publisher of community newspapers and operated in four attractive major U.S. markets: Minneapolis/St. Paul, Dallas/Fort Worth, Kansas City and Washington, D.C. ACN’s group of 63 daily/weekly newspapers and two specialty publications reached over 825,000 households in the suburban communities surrounding these major cities, and led circulation penetration in all of its markets. Spire Capital exited its investment in ACN in July 2007 to Courtside Acquisition Corporation.
Investment InformationInitial Investment Date: December 9, 2004
Status: Exited to Courtside Acquisition Corporation in July 2007
Type of Investment: Fund I