The official word came down Friday morning from News Communications Inc.: Brown Publishing has agreed to buy Dan's Papers. Around for nearly 50 years and currently owned by News Communications Inc., Dan's Papers—which was founded by Dan Rattiner—and its sister publications, Hampton Style and The Montauk Pioneer had been rumored to be on the block at the beginning of the summer, though at the time, it didn't seem any deal was imminent.
From the press release: "News Communications, Inc. announced that it has agreed to sell Dan’s Papers, Inc. to Brown Publishing Company. Mr. James Finkelstein, CEO of News Communications, added that although the transaction is expected to close in August, Brown Publishing will manage Dan’s through the closing date.
Dan’s Papers, Inc. publishes Dan’s Papers, Dan’s Hampton Style, Montauk Pioneer, as well as danshamptons.com, the portal to life in the Hamptons.
Roy Brown, Brown Publishing's President and CEO, will assume the title of CEO of Dan’s Papers, Inc., the title formerly held by Mr. Finkelstein.
Mr. Brown stated that key management and editorial personnel will remain the same. Dan Rattiner will remain as President of Dan’s Papers, Inc.,’s Papers. Phil Witt will remain as publisher of Dan’s Hampton Style Magazine and danshamptons.com. Kathy Rae will continue as Associate Publisher of Dan’s Papers and Advertising Sales Director for the organization. Deborah Schoeneman will continue as Editor-in-Chief of Dan’s Hampton Style. as well as Publisher and Editor-in-Chief of Dan
Mr. Finkelstein added, "Dan’s and Dan’s Hampton Style are part of the fabric of life in the Hamptons. Over the years Dan’s has grown and now I fully expect that danshamptons.com will add to that growth. I will miss the publications and the staff. But the company's publications are very different than our other properties and it made strategic sense for us to sell. I know that Roy and his team will continue Dan’s growth both in the papers and over the Internet."
“We are extremely pleased to succeed to ownership of the best publishing brand in the Hamptons,” Brown said. “News Communications, Jimmy, and the team at Dan’s have built a great platform of products that we will support and grow in a manner befitting our exceptional readers and advertisers. We will also accelerate the process started this spring of making danshamptons.com the #1 news and information site covering one of the best communities in the world.”
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