#DAYTONA BEACH NEWS JOURNAL SALE MOVIE#

Related coverage: Citizens weigh in on redesign plans for Daytona's North Beach Street Latest downtown news: Could historic riverfront Daytona fire station become a restaurant and microbrewery? Read more: City Manager Deric Feacher sees walking tours as a step toward Daytona Beach's future The company hopes to have the building overlooking the park and Halifax River ready for its first tenants by the spring of 2023. The complex would be about a block south of the Main Street bridge. The Framework Group is the Tampa-based developer hoping to build a seven-story apartment building on north Beach Street property between the new Brown & Brown building and Michigan Avenue. 'I think it's going to be an exciting project for downtown,' said local attorney Rob Merrell, who's representing the apartment project's developer. The city commission will still have to approve the proposed $80 million project next year for it to take flight, but if they do it will join the $25 million Riverfront Park remake and 11-story Brown & Brown office tower as the latest proof that the downtown is being resurrected into something new and stronger. Now a developer's plan to build a 307-unit apartment complex on the north end of Beach Street is the latest evidence that downtown Daytona Beach's dark days are ending. Then, like other downtowns across the country, the advent of shopping malls and suburban flight turned Daytona Beach's riverfront corridor into a sad collection of empty storefronts and small businesses just treading water.

#DAYTONA BEACH NEWS JOURNAL SALE MOVIE#

Julia's husband, Robert Truilo, serves on the board of directors and is the newspaper's general manager.DAYTONA BEACH - For 100 years, from the 1870s to the 1970s, downtown Daytona Beach was the place to shop, dine, get a haircut or shoe shine, see a movie or watch a parade. Their two children, Marc Davidson and Julia Davidson Truilo, are currently members of the News-Journal staff and board of directors. His wife, Josephine, also worked as a reporter and editor until her death. Tippen Davidson took over when his father died and remained president and co-editor until his death in January 2007. He remained publisher until his death in 1985. Generations of the Davidson family have run the newspaper for 80 years.Īfter acquiring News-Journal shares in 1927, Julius Davidson served as the paper's publisher until 1962, when he relinquished control to his son, Herbert. Cox Enterprises, a privately held corporation that owns substantial media properties - 17 newspapers, including The Palm Beach Post and The Atlanta-Journal Constitution - holds 47.5 percent of the News-Journal stock.Ĭox gained its News-Journal shares as part of a package deal when it bought The Palm Beach Post in 1969. 'Tippen' Davidson, which controls 52.5 percent of the shares. The News-Journal, which serves Volusia and Flagler counties, is a Florida corporation controlled by the estate of Herbert M. The News-Journal and Cox were unable to reach an agreement and a federal judge entered an order fixing the fair value of its News-Journal stock at $129 million, an amount difficult to raise with current credit market problems. The News-Journal opted out of that lawsuit by electing to purchase Cox's shares. The newspaper has long been a supporter of the arts.

In 2004, Cox sued in response to the News-Journal paying $13 million for the naming rights of the News-Journal Center, a performing arts center in Daytona Beach. Florida is a wonderful place to own a newspaper,' Cooper said. 'I'm sure there will be a vigorous bidding process, even in these tough times. The letter to employees says that timing of the sale is unknown, as are any buyers.īrian Cooper, executive vice president of Cox Newspapers in Atlanta, said the chain is not interested in purchasing the News-Journal. Georgia Kaney, publisher, CEO and president, emphasized the point that the paper will not stop doing business in an e-mail to an Associated Press reporter, referring him to the paper's Web site for details. In an e-mail to its employees, also posted on its Web site, News-Journal officials said, 'The options available to the company have narrowed to the point that it is now clear that the company will be sold as a going business.' The Daytona Beach News-Journal announced to its employees Thursday that the family-owned newspaper will be sold after it lost a legal battle with Cox Enterprises, a minority shareholder.

Daytona beach news journal sale