Cygnus Business Media today announced that it has sold a large group of publications to SouthComm, Inc.
SouthComm, Inc. has reached an agreement with Charles Womack of Womack Newspapers, Inc. to acquire the assets of Creative Loafing Charlotte.
SouthComm has reached an agreement to sell the Louisville alt-weekly to a group of investors led by Aaron Yarmuth, son of the paper's founder John Yarmuth.
Folio Weekly publisher David Brennan recently announced that he will be leaving the publication to serve as the group publisher for SouthComm Inc.
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.
Nashville-based SouthComm has announced the purchase of Cincinnati CityBeat. Publisher Dan Bockrath will remain in his position.
Rob Jiranek has previously served as partner and Group Publisher of Portico Publishing, publishers of C-Ville Weekly in Charlottesville, VA, and the Columbia Free Times.
CL, Inc. has sold Creative Loafing Charlotte and Creative Loafing Tampa to Nashville-based SouthComm Inc. The company also announced that CEO Marty Petty has resigned.
Village Voice Media announced today it has sold The Pitch of Kansas City to Nashville-based media company Southcomm, Inc., which also owns LEO Weekly and Nashville Scene.
Nashville-based SouthComm purchased the Scene from Village Voice Media last month, and has swiftly been making changes. Former managing editor and longtime staffer Jim Ridley has taken over as editor, and the paper rolled out a glossy look this week. In addition, SouthComm has brought all editorial staffers of its Nashville properties (it owns The City Paper, NashvillePost.com and a handful of smaller print publications) under one roof, and done the same -- in a different building -- for business-side staff. Scene writer Bruce Barry says Nashville is "the alpha test" of SouthComm's publishing theory, which involves owning a unique blend of niche publications in a single market. Barry also points out that many SouthComm higher-ups are "very conservative" and wonders how that might affect the alt-weekly going forward.
