In a Jan. 31 press release, Scott Spear, senior vice president of Village Voice Media, announced that the merger has closed. The merger plans of New Times Media, LLC, and Village Voice Media were first announced on Oct. 23, 2005; in late November, the Department of Justice declared that it would not block the merger.
The new CEO of Village Voice Media announced Tuesday that Michael Cohen has been named publisher of the chain's flagship paper. In an e-mail message to Village Voice staffers, Larkin said that Cohen resigned his current position as publisher of Miami New Times and will take the helm at the Voice on Monday Jan. 30. Cohen, who has been in the alternative-weekly publishing business for 22 years, began his career in ad sales at the Baltimore City Paper in 1983 and moved to New York five years later to help launch the New York Press as its ad director. He returned to New York in 2000 to serve briefly as publisher of the Press; he also served stints as publisher of AAN member papers Fairfield County Weekly and Philadelphia Weekly. In a separate e-mail to the Voice staff, Judy Miszner announced that Tuesday was her last day as the paper's publisher. "I thank all of you for making these the 7 best years of my career," she wrote.
The owner of alt-weeklies in Boston, Providence and Portland, Maine, will launch new sites for each paper on Jan. 1, according to the Boston Business Journal. Phoenix Media executive vice president Bradley Mindich says the $200,000 upgrade is a smart investment in light of the growth of Internet advertising. "In five years, it is highly probable that, as a converged media company, the Web could be the largest ad revenue generator for us," says Mindich. The Business Journal also reports that Phoenix competitor The Weekly Dig will launch a new site in March modeled after Boston.com but targeting the 18- to 34-year-old demographic.
According to Cleveland's The Plain Dealer, Attorney General Jim Petro is looking for potential antitrust violations that would result from the merger. The paper quotes a senior attorney with Petro's office who said the deal "raises new concerns that combining these two publishing companies would eliminate or restrain competition between them in some markets where they operate rival newsweeklies with overlapping advertising and news coverage." (Ed.: VVM and New Times no longer operate "rival newsweeklies" in the same market.) The attorney was commenting in response to a letter complaining about the merger written by Terry Smith, the editor of AAN-member paper The Athens News.
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