Dominic Massa/ Eyewitness News
In another sign of the changingLouisiana printmedia landscape, NewOrleans businessman John Georges has signed a letter of intent to purchase the Baton Rouge Advocate, the newspaper reported Saturday.
The newspaper quoted current publisher David Manship as saying the deal is expected to close by June 1. Georges would not comment, citing a confidentiality agreement, the newspaper reported.
The terms were not disclosed.
'We are extremely happy about the prospect of selling our family newspaper to a Louisiana businessman with strong ties to Louisiana,' David Manship said.
A NewOrleans native, Georges, 52,has business holdings that range from Imperial TradingCo. tofood service distributioncompanies and Galatoire's restaurant.
Other companies controlled by Georges handle grocery distribution, offshore marine services, video and arcade entertainment. Healso launched unsuccessful campaigns for governor and mayor of NewOrleans in recent years.
Georges said in January that he had a 'serious interest' in buying The Advocate and that he expected any official offer for the newspaper would be before the summer.
The Advocate, founded in Baton Rougein 1842,launched its NewOrleans edition in October after The Times-Picayune announced it would cut back to three days of print editions.