The Knoxville Journal, operating as a weekly in recent years, is closing down.
Steve Hunley, publisher of the Knoxville Focus, says he looked at buying the paper but decided to pass, though he is interviewing some of the staff. Other potential buyers have not been identified. The paper does have a second-class postal permit that allows for publication of legal notices—a major source of revenue for the paper in past years.
One complication for a sale seems to be multiple minority stockholders.
The daily Journal went away in 1992 when Scripps, owner of the News Sentinel, ended a joint operating agreement with the Journal. The weekly version was related to the original daily paper in name only.