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Village Voice parent company will explore sale of papers

Voice Media Group | OC Weekly

Voice Media Group has hired merger-and-acquisition firm Dirks, Van Essen & Murray to help it determine what it calls “new strategies for its publishing assets,” which is the typical language used when companies put their papers up for sale.

Voice Media Group publishes The Village Voice, LA Weekly and The Riverfront Times, among other papers.

The firm will begin “immediately considering options” at the OC weekly, according to the announcement. Those options could include a sale or some sort of partnership opportunity.

Voice Media Group acquired the Village Voice and its properties in 2012, in a transaction with Village Voice Media.

Gustavo Arellano, editor of OC Weekly, writes that interested buyers stand to gain “a motivated band of misfits,” and adds that the paper takes payment in “in pho, pesos, dollars and I think Bitcoin.”

Here’s the announcement:

Santa Fe, NM – January 27, 2015 – Voice Media Group has engaged Dirks, Van Essen & Murray and its subsidiary CAL DVM to explore new strategies for its publishing assets, including the sale or acquisition of alternative publications and other digital businesses.

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from Poynter. http://ift.tt/1tm5bMx

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