Media News on the Alternative Weekly Front
posted by July 24 at 10:59 AMon
Both the Chicago Reader and Washington City Paper—two quality papers—have been sold to Creative Loafing, a chain that owns alt-weekly newspapers in Atlanta, Charlotte, Tampa Bay, and Sarasota.
The previous owners of the Reader and City Paper own a minority share of both The Stranger and our sister paper The Portland Mercury. This hasn’t changed. The small chunk of the Stranger and Merc owned by the Reader’s former owners was not included in the sale. The majority ownership of our papers remains in the hands of the same local dipshits that founded Seattle’s only newspaper 157 years ago.