In a message to all Village Voice Media employees sent out today, VVM CEO Jim Larkin and executive editor Michael Lacey say the ramifications of last week's court order that suggested the San Francisco Bay Guardian could seize assets from papers other than SF Weekly has been widely misunderstood. "[The order] simply says the Guardian can try and go after cash distributions New Times receives from its publications as a limited partner or member of the company," they say, pointing out that "the amount of those monies is zero," since the company's publications are "separately organized limited liability companies or limited partnerships that own, operate and publish in their respective communities." They say that as they continue their appeal of the original judgment, "our publications will continue to publish and conduct business as they have all along."
Last week, a San Francisco Superior Court commissioner granted the San Francisco Bay Guardian's request to place a lien on assets of SF Weekly's parent company, as the Guardian attempts to collect millions of dollars it was awarded in 2008's predatory-pricing trial. (The case is being appealed by the Weekly.) While the Guardian says it is "exploring the possible sale" of one or more of Village Voice Media's papers, reaction from several of those papers was relatively muted. Westword editor Patricia Calhoun tells the Denver Daily News she thinks it's highly unlikely that her paper will be impacted in any way. "This is a lawsuit that I'm sure our lawyers will resolve," she says. Meanwhile, the Seattle Weekly gives the Guardian a tongue-in-cheek look at some of the paper's assets it could seize, and MinnPost's David Brauer wonders if the ruling could hurt City Pages. His take? It's not likely, but "VVM had better start winning in court ... or we'll all have to start taking this a lot more seriously."
A San Francisco Superior Court commissioner has granted the San Francisco Bay Guardian's request to place a lien on the Weekly's holding company and the firm's interests in the Village Voice Media chain, as the Guardian attempts to collect the millions of dollars it was awarded in 2008's predatory-pricing trial. The Guardian's lawyer says the lien would enable it to seek another court order allowing it to sell off any of the VVM papers -- including SF Weekly - or simply take money from them to pay the judgment. But the Weekly's lawyer says the ruling is much narrower, and doesn't allow the Guardian to go after any of VVM's assets. Meanwhile, the Weekly continues its appeal of the initial ruling.
As we've noted recently, the San Francisco Bay Guardian has been going after the assets of SF Weekly as it tries to collect the millions of dollars it was awarded in 2008's predatory-pricing trial against the Weekly and parent company Village Voice Media. This week, the Guardian upped the ante, asking a court for permission to seize all property belonging not just to the Weekly but to all of VVM. An attorney for the Guardian tells the San Francisco Chronicle that it has been tough collecting anything since SF Weekly doesn't actually have much property, which is why they are now going after the rest of the company. But VVM continues to maintain it doesn't owe the Guardian anything until it has fully exhausted its appeals. The ruling on this could come down as early as today. READ MORE from The Stranger.
The San Francisco Bay Guardian reports that it was granted its motion to intercept the income of the SF Weekly in a court hearing last week. The Guardian says it will seize the rent that the SF Weekly's subtenant pays to the paper. This comes on the heels of the Guardian's recent seizure and auction of two vehicles owned by the Weekly, and it is all part of the Guardian's attempt to collect the multi-million-dollar judgment it was awarded in the predatory pricing trial against the Weekly and its parent company New Times, now known as Village Voice Media. VVM maintains that it won't owe the Guardian any money until its appeals are completed.
Village Voice Media says that revenues from its Voice Local Network have doubled month-over-month since the network's launch in June, while the number of advertisers has more than quadrupled. In addition, VVM reports that the network has been bringing in high CPM rates across the board, averaging $10 gross CPMs and higher.
The San Francisco Bay Guardian last week auctioned off two vehicles owned by the SF Weekly as it tries to collect the multi-million-dollar judgment it was awarded in the predatory pricing trial against the Weekly and its parent company New Times, now known as Village Voice Media. The Guardian, which seized the vehicles in November, says the move "prove[s] wrong the predictions of New Times executives that the Guardian would never collect a cent on its judgment." VVM maintains that it won't owe the Guardian any money until its appeals are completed.
Toke of the Town is the latest national blog property launched by Village Voice Media, joining titles like Heartless Doll, Joystick Division and True Crime Report.
Last week, the USC Annenberg web publication Neon Tommy ran a lengthy piece on the future of the Weekly as new editor Drex Heikes settles in. After correcting a few factual errors, Weekly news blogger Dennis Romero turns his focus to the larger context of the piece -- the changes at the paper since it came under control of Village Voice Media in 2006. "What's seen as a reduction of the editorial department is also a changing of the guard," he writes. "While some liberals and the ex-Weekly writers who catered to them lament the loss of the paper's crusty, bell-bottom voice, we'd argue that the future here is bright -- and digital."
The South Florida alt-weekly ran a lengthy cover story this week on the problems facing South Florida's newspapers, and decided that it would only be fair to report on its own struggles as well. Reporter Lisa Rab says that the New Times newsroom staff has shrunk by four (to 13) and its circulation has dropped from around 80,000 to 54,500 over "the past couple of years." She also talks to Village Voice Media president and chief operating officer Scott Tobias, who says there are no plans afoot to make the paper online-only, to sell it or to merge its operations with its sister paper to the south, Miami New Times.
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