EWTN Global Catholic Network, founded by Mother Angelica in Alabama nearly 30 years ago, is acquiring the National Catholic Register.
The Associated Press reports the transaction announced Wednesday did not involve any cash. Instead, the broadcasting operation said it will take over the 83-year-old newspaper’s operating expenses and future subscriptions.
"The Register has struggled for decades. A group of investors and the Legionaries of Christ, a Catholic congregation, purchased the paper in 1995 to keep it from closing."
"The acquisition is part of EWTN’s attempts to expand its news presence in the worldwide multimedia market serving Roman Catholics. EWTN was founded in suburban Birmingham in 1981 by Mother Angelica now provides multimedia services globally."