We had a server outage, and we're rebuilding the site. Some of the site features won't work. Thank you for your patience.
Los Angeles Indymedia : Activist News
- js reader version
- view hidden posts
- tags and related articles
by Cayce Callaway
Friday, Oct. 04, 2002 at 10:03 AM
A memo from Village Voice Media CEO David Schneiderman's regarding the "the opportunity arose to consolidate and strengthen our position in LA" and a deal that "was just too attractive to pass up."
Village Voice Media CEO Schneiderman's memo re folding of alt-weeklies
Date: Wed, 2 Oct 2002 06:49:55 -0700
Subject: Important Announcement from David Schneiderman
To: All Staff
From: David Schneiderman
We have just completed a very significant transaction with New Times. As a result, New Times is ceasing publication of New Times Los Angeles and Village Voice Media is ceasing publication of Cleveland Free Times.
I am very sorry that we will be closing Free Times. It is a well-written, feisty and respected newspaper in the Cleveland community that has been locked in a very competitive battle for some years in which neither side was able to gain the upper hand. It was never our intention to give up that fight, but when the opportunity arose to consolidate and strengthen our position in LA, it was my judgment that the deal was just too attractive to pass up. New Times has assured me that they will be interviewing much of the Free Times staff for positions on their Cleveland paper.
This transaction is consistent with the strategic direction of the company. We feel strongly about the markets we are in and will continue to grow the company, both internally and through acquisitions.
Report this post as:
LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 1 posted about this article.
These comments are anonymously submitted by the website visitors.
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by
the author, all content is free for non-commercial reuse, reprint, and
rebroadcast, on the net and elsewhere. Opinions are those of the
contributors and are not necessarily endorsed by the Los Angeles Independent Media Center.
Running sf-active v0.9.4