A day after the Silver City Daily Press was set to close, the newspaper says it is continuing operations under new ownership.
An announcement on the newspaper's web site Tuesday says the family-owned Silver City Daily Press Publishing Co. late Monday agreed to sell the paper to a company headed by former Daily Press General Manager Nickolas Siebel.
Siebel says he financed the purchase largely through loans from community members who shared his love for the publication.
He says the majority of the previous staff has agreed to join the new operation, which will continue publishing in print and online five days a week.
The newspaper, which has been published for the last 79 years by the Ely family, on Friday announced plans to shutter because of declining ad revenues.
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