SOURCE: American Securities

American Securities

American Securities

April 08, 2010 16:50 ET

American Securities and ASP Westward Welcome James W. Hopson as CEO of ASP Westward

NEW YORK, NY and HOUSTON, TX--(Marketwire - April 8, 2010) -  American Securities (http://www.american-securities.com/Main), a New York-based private equity firm and majority owner of ASP Westward, and ASP Westward (Westward) are pleased to announce that James W. Hopson has joined Westward as chief executive officer, effective April 5, 2010. Tom Stamper, who served for 12 months as interim CEO, has assumed a new position as president of Westward's East Texas division and publisher of the Longview News Journal, as well as resumed his previous role as vice president of operations, continuing to manage all of the company's printing and distribution operations.

In making the announcement, Paul Rossetti, a managing director of American Securities said, "Jim's outstanding track record and broad background in print and publishing operations and management will benefit Westward in many ways. We are fortunate that he has agreed to take on this role as CEO where he will be responsible for managing Westward's portfolio of market-leading newspapers."

Rossetti commented further, "We greatly appreciate Tom Stamper's dedicated, yeoman service during our search for a new CEO. We are delighted that he has assumed a new leadership role as president of East Texas [division], particularly in light of Westward's acquisitions last year of the Longview News-Journal and the Marshall News Messenger, at the same time he has returned to his previous responsibilities as vice president of operations."

Hopson has served on the board of directors of Westward since July 2009. He has, throughout his career, held many senior roles in the newspaper publishing industry, most recently as the CEO of the Daytona Beach News-Journal

Prior to the Daytona Beach News-Journal, Hopson was chairman of Capital Newspapers in Madison, Wisconsin, and publisher of Wisconsin State Journal owned by Lee Enterprises of Davenport, Iowa. He was also with Thomson Newspapers in Stamford, Connecticut, for five years. Hopson served as president of Community Newspaper Company in Boston, Massachusetts, as the publisher of the Press of Atlantic City, New Jersey, and held several positions with Harte-Hanks Communications in San Antonio, Texas. He began his career in publishing with the Des Moines Register/Des Moines Tribune in Des Moines, Iowa.

Having received a bachelor's of journalism degree from the University of Missouri, Hopson also has an MBA from Harvard Business School. He served as a director of the Audit Bureau of Circulations from 1999 to 2007 and as vice chair of the United Way in Madison, Wisconsin. Hopson is a member of the Newspaper Association of America along with several state press associations. He has been published in The American Editor, the magazine of the American Society of News Editors. 

About ASP Westward
ASP Westward, LP is a leading publisher of community newspapers serving two of the most affluent, high-growth suburban media markets in the United States -- Houston, Texas, and Denver, Colorado -- and also several rural communities in East Texas. In 2009, it acquired two additional newspapers in Texas from Cox Enterprises, the Longview News-Journal (Longview) and the Marshall News Messenger (Marshall and Harrison County). ASP Westward is a privately-held company owned by American Securities, a private equity firm based in New York. It has an award-winning group of 60 weekly and daily papers that reach approximately 800,000 households.

About American Securities
Headquartered in New York with an office in Shanghai, American Securities LLC is a U.S. middle-market private equity firm that invests in market-leading companies in North America with annual revenues generally ranging between $100 million to $1 billion. Investments are funded from more than $6 billion of committed capital. The firm traces its roots to the family office founded in 1947 by William Rosenwald to invest and manage his share of his family's Sears, Roebuck & Co. fortune. More information on American Securities LLC can be found at www.american-securities.com.  

Contact Information

  • Contact:
    Anne Board
    Director, External Relations
    American Securities
    (212) 476-4967