BOSTON Dolan Media said it has acquired the 14 newspapers and associated Web sites of Lawyers Weekly Inc., a publisher for the legal profession.
Terms were not disclosed, but sources estimated the purchase price in excess of $30 million.
The acquired properties have a combined circulation of nearly 93,000 and reach more than 150,000 attorneys, or approximately 15 percent of the profession in the United States.
The acquired papers include the national title Lawyers Weekly USA as well as Massachusetts Lawyers Weekly, Rhode Island Lawyers Weekly, Virginia Lawyers Weekly, Ohio Lawyers Weekly, Michigan Lawyers Weekly, Missouri Lawyers Weekly, North Carolina Lawyers Weekly and South Carolina Lawyers Weekly.
Also acquired were three regional newspapers serving in-house and corporate attorneys: Atlantic Coast In-House, New England In-House and Midwest In-House, and two newspapers specializing in legal news for the medical community, Missouri Medical Law Report and Virginia Medical Law Report.
The transaction also includes sites allowing subscribers to obtain current professional news, case briefs and insights and archival information.
Except for a three overlapping corporate positions which were eliminated immediately at the closing on Tuesday, no further job reductions among the 127 LWI employees are planned, and principal editorial operations will stay in Boston, said Dolan CEO James Dolan.
Susan Hall, who had been chairman of Lawyers Weekly Inc., will no longer be involved in operations, Dolan said.
Dolan in Minneapolis has print holdings in 21 markets in North America.