The parent company of the Fort Bend Star just got bigger.
McElvy Media Group, owners of the Fort Bend Star and the Fort Bend Business Journal, completed the purchase of The Greensheet in August.
The Greensheet was founded by Helen Gordon in 1970. Her daughter, Kathy Douglass, has been president of the company since 1993. The Greensheet is a targeted advertising publication that distributes more than 500,000 copies in Houston and Dallas, in 19 separate zones each week. In addition, TheGreensheet.com garners more than 1 million page views monthly.
McElvy Media Group owns community newspapers in Houston and in Charlotte, N.C. In Houston, it publishes The Leader, the Fort Bend Star and the Fort Bend Business Journal. In Charlotte, it publishes the South Charlotte Weekly, Matthews-Mint Hill Weekly and Union County Weekly.
Jonathan McElvy, Frank Vasquez, Robb Reeves and Douglas McElvy will be owners of a new company, MVR Publishing, that will operate the Greensheet Media and its affiliated businesses.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Greensheet Media in the transaction. Terms of the transaction were not disclosed.
“My dream has been for The Greensheet to celebrate a 100-year anniversary and the sale of the company keeps this dream alive,” Douglass said. The decision to sell was difficult emotionally because after 48 years, it will no longer be a part of our family. I have faith and confidence that Jonathan McElvy, Frank Vasquez, Robb Reeves and Douglas McElvy will have success and carry the business into the future.”
My partners and I are honored that we’ve been able to work with Kathy to continue the rich legacy she and her mother Helen have built for almost 50 years,” Jonathan McElvy said. “The Greensheet brand, in both Houston and Dallas, is a tremendous asset, and we understand there’s great responsibility in developing new and creative ways to leverage that brand.”