With the transaction, Nashville-based SouthComm now owns eight AAN-member publications, and the New York-based investment firm Atalaya Capital Management exits the alt-weekly business.
Serpick replaces longtime editor Lee Gardner, who left to become senior editor at the Chronicle of Higher Education.
The paper picked up six first-place awards, 23 total, from the Utah Headliners Chapter of the Society of Professional Journalists.
Schaffer is joining The New Republic as editorial director. Managing editor Mike Madden will take over as editor at City Paper.
Founder John Saltas will assume the role of interim publisher.
Gardner is leaving on April 27 to become a senior editor at the Chronicle of Higher Education.
For decades, alt-weeklies defined themselves in opposition to mainstream media. But with the rise of the web, both dailies and alts have had to redefine themselves in unexpected and often uncomfortable ways.
South Carolina Journalist of the Year goes to Free Times reporter Corey Hutchins.
Salaries at the Chicago Reader, Creative Loafing Atlanta and Washington City Paper will be reduced by 5 percent company-wide. Efforts to sell the chain's remaining papers have stepped up.
Shani Hilton takes a look at the gender and racial background of Washington City Paper cover story authors.
