Monday, September 24, 2012
Village Voice Media Execs Acquire The Company?s Famed Alt Weeklies, Form New Holding Company
A group of long-running alternative weekly newspapers is changing hands. Village Voice Media Holdings ? whose titles include the LA Weekly, Westword, and, yes, the Village Voice ? is selling its publications (and their associated web properties) to a new holding company, the similarly named Voice Media Group. The financial terms are not being disclosed. The deal includes all 13 of VVMH's alt-weeklies, but not the online classified site Backpage.com, which will operate as its own company.