EX-99.1
4
sc9232ex991.txt
EXHIBIT 99.1
Exhibit 99.1
SUREWEST COMMUNICATIONS SELLS DIRECTORY PUBLISHING BUSINESS
ROSEVILLE, Calif., Feb. 28 /PRNewswire-FirstCall/ -- Leading independent
telecommunications holding company SureWest Communications (Nasdaq: SURW) today
announced that it has completed the previously announced sale of its Directory
Publishing business to GateHouse Media, Inc. (NYSE: GHS).
GateHouse Media acquired 100% of the stock of SureWest Directories, a wholly
owned subsidiary of SureWest Communications, for an aggregate cash purchase
price of $110.0 million, including $3.5 million of working capital, for a net
purchase price of $106.5 million. GateHouse Media will become the publisher of
the official directory of SureWest Telephone.
About SureWest Communications
Serving the Northern California region for more than 90 years, SureWest
Communications (www.surewest.com) is one of the nation's leading integrated
communications providers. SureWest's bundled offerings include an array of
advanced digital video, high-speed Internet, local and long distance telephone,
PCS wireless and directories services. SureWest's fiber-to-the- premise IP-based
network features high-definition video and Internet speeds of up to 50 Mbps.
Contact:
Karlyn Oberg
Director of Investor Relations
916-786-1799
k.oberg@surewest.com
SOURCE SureWest Communications
-0- 02/28/2007
/CONTACT: Karlyn Oberg, Director of Investor Relations, SureWest
Communications, +1-916-786-1799, or k.oberg@surewest.com/
/Photo: http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk photodesk@prnewswire.com/
/Web site: http://www.surewest.com/

EX - 99 . 1 4 sc9232ex991 . txt EXHIBIT 99 . 1 Exhibit 99 . 1 SUREWEST COMMUNICATIONS SELLS DIRECTORY PUBLISHING BUSINESS ROSEVILLE , Calif . , Feb. 28 / PRNewswire - FirstCall / -- Leading independent telecommunications holding company SureWest Communications ( Nasdaq : SURW ) today announced that it has completed the previously announced sale of its Directory Publishing business to GateHouse Media , Inc . ( NYSE : GHS ) . GateHouse Media acquired 100 % of the stock of SureWest Directories , a wholly owned subsidiary of SureWest Communications , for an aggregate cash purchase price of $ 110.0 million , including $ 3.5 million of working capital , for a net purchase price of $ 106.5 million . GateHouse Media will become the publisher of the official directory of SureWest Telephone . About SureWest Communications Serving the Northern California region for more than 90 years , SureWest Communications ( www.surewest.com ) is one of the nation 's leading integrated communications providers . SureWest 's bundled offerings include an array of advanced digital video , high - speed Internet , local and long distance telephone , PCS wireless and directories services . SureWest ' s fiber - to - the - premise IP - based network features high - definition video and Internet speeds of up to 50 Mbps . Contact : Karlyn Oberg Director of Investor Relations 916 - 786 - 1799 k.oberg@surewest.com SOURCE SureWest Communications - 0 - 02 / 28 / 2007 / CONTACT : Karlyn Oberg , Director of Investor Relations , SureWest Communications , + 1 - 916 - 786 - 1799 , or k.oberg@surewest.com / / Photo : http://www.newscom.com/cgi-bin/prnh/20050908/SFSUREWESTLOGO AP Archive : http://photoarchive.ap.org PRN Photo Desk photodesk@prnewswire.com / / Web site : http://www.surewest.com/