The Coast River Business Journal has a new owner.

The free monthly paper has been sold to Nebraska-based Country Media, which owns the Seaside Signal, the Cannon Beach Gazette, the Headlight Herald in Tillamook and the St. Helens Chronicle.

Tillamook residents Steve and Carol Hungerford are the principal shareholders of Country Media, which owns eight papers in Montana and North and South Dakota.

The Business Journal was founded five years ago by Astoria resident Susan Trabucco, and covers business news in Clatsop, Tillamook, Pacific and Wahkiakum counties.

While the staff is reportedly staying on at the paper, Trabucco will not, an employee confirmed?Tuesday morning.

Country Media was founded in 2000 and bought its first Oregon newspaper, the Cannon Beach Gazette, in September 2006.

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