A local publishing institution is changing hands, though nothing is expected to change for the company's nearly 100 employees.
The parent company of The Scotsman Press is selling the local business to its current President, William Veit.
With the change of ownership, Veit's new company will acquire assets including, The Valley News, Today's CNY Woman, Finger Lakes Vacationer, and other publications, along with plant equipment, vehicles, and the company's Chenango Bridge facility. The company will continue to do business as The Scotsman Media Group, maintaining all of its operating divisions in Syracuse, Chenango Bridge, and Fulton, New York, and there are no plans to change the company's workforce of 96 employees as a result of the transition.
Veit and his wife, Linda, along with their two daughters, are lifelong residents of Syracuse, residing in the Onondaga Hill area. Veit has been employed by the Scotsman Media Group since 1990.