Birmingham-based Community Newspaper Holdings is heading south. The newspaper publisher plans to relocate its headquarters from the Colonnade area to Montgomery’s new Retirement Systems of Alabama building in late 2011 or early 2012.
The company, founded in 1997, owns 86 daily newspapers, 46 nondaily papers and four TV stations. In Alabama, it owns the News Courier in Athens and the Cullman Times.
RSA helps fund CNHI. According to the story, “The company will bring 70 high-paying jobs with salaries averaging $75,000 to the area.” Another report says that current employees will be offered the chance to move from Birmingham to Montgomery, and that replacements will be found for those not making the move.