Voice Media Group announced that it's sold the Weekly to the San Francisco Newspaper Company, which publishes both the Bay Guardian, San Francisco's other alternative weekly, and The Examiner.
From Voice Media Group:
The deal, effective immediately, means that The San Francisco Newspaper Company will assume operations for the paper beginning today. The sale of SF Weekly will allow Voice Media Group to focus on growth opportunities for mobile and online platforms and to develop core digital offerings in its other key markets...
Financial details of the deal will not be disclosed.
The SF Appeal is reporting the following:
According to at least one SF Weekly staffer, the San Francisco Weekly will experience multiple layoffs as a result of the publication's sale to the San Francisco Newspaper Company.
A deal involving the SF Newspaper Company and some other local asset had been rumored for a while. As the SF Appeal reported, initial speculation focused on the East Bay Express. Until the Express put an end to the rumor this way...