Village Voice Sells Off SF, Seattle Alt Weeklies
Voice Media Group, a publisher of alternative weekly newspapers nationwide, today announced the sale of SF Weekly and Seattle Weekly.
The San Francisco Newspaper Co., publisher of The San Francisco Examiner and the San Francisco Bay Guardian, bought the Bay City alt weekly and will assume operations for the newspaper starting today.
"This is an exciting day for our company as we add a title that is recognized as one of the leading alternative weekly newspapers in the country,” Todd Vogt, president and co-owner of SFNP, said in a statement.
Sound Publishing, which owns 38 local newspapers in Washington, will assume operations for Seattle Weekly starting today.
"The Weekly fits quite well into Sound Publishing's culture of delivering unique and relevant content to both print and digital readers," Gloria Fletcher, President of Sound Publishing, said in a statement.
"This is a strategic decision aligned with the long-term business goals of VMG," Scott Tobias, CEO of Voice Media Group, said of the deals.
The deals will allow Voice Media to “focus on growth opportunities for mobile and online platforms and to develop core digital offerings in its other key markets,” according to the press release announcing the moves.
Voice Media will continue to own and operate the Village Voice (New York), LA Weekly (Los Angeles), Westword (Denver), New Times (Phoenix), Houston Press, Dallas Observer, Riverfront Times (St. Louis), New Times (Miami), City Pages (Minneapolis), New Times (Broward, Fla.) and OC Weekly (Orange County, Calif.).
Financial terms of the deals were not disclosed.