The Audit Committee (“Committee”) of the Board of Directors of American Community Newspapers Inc. (“Company”) approved the termination of the engagement of Goldstein Golub Kessler LLP (“GGK”) and the engagement of Grant Thornton LLP (“Grant Thornton”) as the principal accountant to audit the Company’s financial statements, effective October 5, 2007.

GGK’s report on the financial statements for each of the past two years did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except that GGK’s report on the December 31, 2006 financial statements included an explanatory paragraph regarding the Company’s ability to continue as a going concern if no acquisition was consummated prior to July 7, 2007. The Company completed the acquisition of substantially all the assets of American Community Newspapers LLC prior to such date.

During the two most recent fiscal years and the interim period preceding the dismissal of GGK, there were (i) no disagreements with GGK on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of GGK, would have caused GGK to make reference to the subject matter of the disagreements in connection with its report; and (ii) no “reportable events” (as described in paragraph 304(a)(1)(v) of Regulation S-K).

The Company provided GGK with a copy of the disclosures made pursuant to this Item 4.01 prior to the filing of this Current Report on Form 8-K. The Company requested GGK to furnish a letter addressed to the Commission, attached hereto as Exhibit 16, stating whether it agrees with such disclosures, and, if not, stating the respects in which it does not agree.

During the two most recent fiscal years and the interim period preceding the engagement of Grant Thornton, the Company did not consult Grant Thornton regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company’s financial statements, and either a written report was provided to the Company or oral advice was provided that Grant Thornton concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a disagreement or a “reportable event” (as described in paragraph 304(a)(1)(v) of Regulation S-K).

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