 Rollins Jr.

On December 3, 2004, The Durham Herald Co., the parent company of "The Herald Sun" and "The Chapel Hill Herald" announced that Paxton Media Group had purchased the company from the locally based Rollins family.The sum paid by Paxton was not publicly announced (the two companies are both privately held), but sources placed it at about $124 million.Pre-sale appraisals of the company had placed its value at roughly $70 million.