The parent company of the Storm Lake Pilot-Tribune, Community Newspaper Holdings Inc., announced this week that it will not sell the newspaper.
Earlier this year, cnhi had announced plans to sell a number of newspapers across the country as part of a restructuring of various groups in strategic regions of the country.
The decision has been made that the Pilot-Tribune will be removed from the list immediately, and no purchase offers will be considered.
"After careful study, the company's decision is that because of the vitality of the northwest Iowa marketplace and the dominance of the Pilot-Tribune as the leading news source in the region, it is simply too valuable to part with," Publisher Bob Madsen said.
The Pilot-Tribune's local sister newspapers, including the Spencer Daily Reporter, Cherokee Daily Times and Dickinson County News will also be removed from the list of properties considered for sale. Some other cnhi newspapers across the country will probably also be removed from consideration for sale after September, company officials said.
Officials of cnhi said this week that their priority now is to invest into the Storm Lake operation and elsewhere in northwest Iowa to continue to improve in reader and advertiser service.
The Pilot-Tribune is the winner of well over 100 state, national and international journalism awards in the past decade. Parent company cnhi is the largest provider of daily print news in the United States, with over 250 publications in 19 states.