Village Voice Media Sold -- To Its Own Execs
Ownership of the Village Voice Media Holdings, which owns 13 alt-weeklies including the LA Weekly and the Village Voice, is changing hands -- but the hands are already familiar,
since it's the company's execs who are buying it and changing the name to Voice Media Group. Financial terms were not disclosed -- and neither was "the identity of the backer," writes Jeff Bercovici in Forbes.
Backpages.com, the classified ads site that drew controversy for, according to various critics, "enabling prostitution," according to Bercovici, has been spun off into its own company.
The Village Voice paper has been having its own bumps lately, including the recent departure of its editor in chief and music editor, writes Anthony Ha.