Former publisher buys The Signal

Richard and Chris Budman have acquired the assets of the Santa Clarita Valley Signal, the newspaper reports.

The Signal had been owned by Paladin Multimedia Group since January 2016.

Richard Budman was its publisher from 2004 to 2007 and a minority owner of the newspaper with Morris Multimedia, which had owned it for 37 years prior to Paladin’s acquisition.

The Signal was founded in 1919 as a weekly and today publishes Tuesdays through Saturdays.

Richard Budman said the new management intends to bring back a Sunday newspaper, which will be distributed free to 75,000 households.