Cox to Sell Valpak, Some Newspapers

Valpak became a member of the Cox family in 1991. Earlier this year, Cox opened a $220 million, highly automated manufacturing facility (shown above) for Valpak in St. Petersburg, FL.

Cox also hired Citigroup to market its newspaper holdings to prospective buyers. In all, the company hopes to complete the sale of 10 dailies and 19 weeklies in Colorado, North Carolina and Texas in the first quarter of 2009.