By Kevin McCauley
A group of staffers at the Village Voice Media Holdings has purchased the Village Voice and a dozen other alternative papers such as SF Weekly and Phoenix New Times.
The price of the transaction was not disclosed.
VVMH president & COO Scott Tobias leads the buyout team. The deal does not include Backpage.com, the online classified ad operation that has been the centerpiece of protests by human rights activists and politicos who claim it’s a vehicle for child sex trafficking.
Backpage.com will remain under the current ownership of Michael Lacey and Jim Larkin.
Circulation at the VV has fallen 40 percent to about 150K during the past six years. |