Denver, CO (January 9, 2013) — Voice Media Group today announces the sale of SF Weekly and Seattle Weekly. Specifically, Seattle Weekly LLC has closed on the sale of Seattle Weekly to Gloria Fletcher, President, Sound Publishing, which is the publisher of 38 newspaper titles in Washington state.
The deal, effective immediately, means that Sound Publishing will assume operations for the paper beginning today. The sale of Seattle Weekly will allow Voice Media Group to focus on growth opportunities for mobile and online platforms and to develop core digital offerings in its other key markets.
"This is a strategic decision aligned with the long-term business goals of VMG," said Scott Tobias, CEO of Voice Media Group. "We inherently trust Fletcher and Sound Publishing to continue the commitment to excellent local coverage with Seattle Weekly."
"We think highly of the Seattle Weekly and its faithful readership," said Gloria Fletcher, President of Sound Publishing. "The Weekly fits quite well into Sound Publishing's culture of delivering unique and relevant content to both print and digital readers."
Under the terms of the agreement, Voice Media Group will continue to own and operate the following print publications and corresponding digital properties: 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) and OC Weekly (Orange County).
Financial details of the deal will not be disclosed.