New York-based Avalon Equity Partners is now the majority owner of both the New York Press and Window Media, which operates a number of gay weeklies, including the New York Blade News and the Washington Blade. Cynthia Cotts of The Village Voice writes that the gay media worries about Avalon's ownership, fearing a private equity company with no gay credentials will undermine the integrity of their product. David W. Unger, co-founder and managing partner of Avalon, insists that neither the Press nor the gay publications will lose their identities simply by being connected through a mutual investor. Unger says the Press should make money "with just a little hands-on management."

Continue ReadingOwner of Gay Newspaper Chain Behind NY Press Purchase

Russ Martineau, who was let go last week by City of Roses Newspapers, announces today the formation of a new sales and marketing consulting company, Ad Martineau had managed the revenue departments for Willamette Week for the past 10 years. He resigned his position as president of the AAN board last week and is replaced by Bill Towler, publisher of City Newspaper in Rochester, N.Y.

Continue ReadingMartineau Launches New Company

Michael Sigman, president and publisher of LA Weekly/OC Weekly, has been asked to leave by Village Voice Media. His last day is Jan. 25. In other developments, three other AAN member papers have asked top managers to leave, including Eugene Weekly, Willamette Week and C-Ville Weekly.

Continue ReadingSigman Asked to Resign at LA Weekly

Keith Kelly reports in today's New York Post that Russ Smith discussed selling his paper to Taki Theodoracopulos, one of its well-heeled columnists, for $5 million. (In a letter to Jim Romanesko's Media News, Smith said Kelly's story is "wrong.")

Continue ReadingNew York Press For Sale?