"Does the U.S. Department of Justice really have so little to do it must investigate why a couple of alternatives were folded?" E&P asks in a Nov. 25 editorial. With so many media outlets in both the Los Angeles and Cleveland markets where the two alternative weekly chains closed papers to end head-to-head competition, advertisers have plenty of places to go. "It's not an argument Justice can make with a straight face," E&P concludes.
Sources tell the Los Angeles Times that federal investigators may be pursuing a legal solution that would actually re-open alternative newsweeklies in Los Angeles and Cleveland, the two cities where Village Voice Media and New Times agreed to close papers and eliminate competition. The federal anti-trust investigation is "unusually fast-paced," The Times' Tim Rutten reports. "Clearly, they've decided to move before the bodies get too cold," an anti-trust attorney tells Rutten.
The Village Voice/New Times deal that closed New Times Los Angeles and VVM's Cleveland Free Times, is another sign of an "imploding economy," Cynthia Cotts writes in The Village Voice. She suggests that when VVM's venture capitalist owners start looking to cash out they could find a buyer in a daily newspaper chain or another alternative media company.
Iconoclastic alternative weeklies are doing business like the big boys, former Washington City Paper Editor David Carr writes in the New York Times. Carr reports that New Times received $8 million from Village Voice Media to close its money-losing New Times Los Angeles. "The willingness of the two ferociously competitive chains to make a deal in their common interest could mean that the next big deal by the companies could leave only one standing," Carr writes.
Village Voice Media paid NT Media more than $1 million to close New Times Los Angeles, sources tell the Los Angeles Times. New Times paid VVM a lesser amount to shutter Cleveland Free Times, the daily reports. An anti-trust lawyer says the transaction, negotiated quietly over the past three months, "could raise rather interesting antitrust issues."
By a two-vote margin, LA Weekly's advertising and promotional staff voted not to join the union that represents editorial employees, the Los Angeles Times reports. The close vote and hard-fought campaign have opened wounds Publisher Beth Sestanovich says she wants to heal.
“This book, I hope, is a book of encounters, none of them predictable,” novelist and music writer Jonathan Lethem writes in his introduction to “Da Capo Best Music Writing 2002.” Seven of the 28 articles in the collection were originally published in alternative newsweeklies, including The Village Voice, Chicago Reader and City Pages (Twin Cities).
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