BOONE NEWSPAPERS

Boone Newspapers, Inc. [BNI] owns and/or manages 74 newspapers along with websites, shopping guides and magazines in 74 communities in Alabama, Georgia, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Virginia, North Carolina, Ohio, Tennessee and Texas. James B. Boone, Jr. [Jim], chairman, lives in Tuscaloosa, Alabama, and Todd H. Carpenter, president and CEO, lives in Natchez, Mississippi. Other key executive personnel live in those and other BNI-served communities. A private company,... BNI’s controlling stockholder is Jim Boone. His wife and children own all other stock in BNI. Numerous others associated with BNI own stock or have financial interest in BNI-operated subsidiaries. BNI manages companies owned by Carpenter Newsmedia, LLC, a private company owned by Todd H. Carpenter. BNI has its corporate origins in Tuscaloosa Newspapers, Inc. [TNI], a company that leased The Tuscaloosa [AL] News from Public Welfare Foundation, Inc. [PWF] from 1951 until 1981. TNI went through several intra-company mergers and name changes in 1981-83, following its decision not to renew its lease on The Tuscaloosa News. Beginning in 1981, PWF operated The Tuscaloosa News for several years and then sold it to The New York Times Company. It has since been sold twice.More