Complex sentence: The "Public Mirror" is still in operation; in 1924, it absorbed the "Holbrook Observer"; in 1978, it acquired the "Elwood Bulletin", which it continues to publish under that name.
Split into simpler sentences: The "Public Mirror" is still in operation; in 1924, it absorbed the "Holbrook Observer". In 1978, it acquired the "Elwood Bulletin", which it continues to publish under that name.