Dispatch write up has no additional information (apparently it took two business reporters to rearrange that memor into a four-paragraph story):
'Other Paper' parent sold to Dallas company Monday, April 30, 2007 6:02 PM BY DENISE TROWBRIDGE AND PAUL WILSON COLUMBUS DISPATCH CM Media Inc., which owns The Other Paper and several other central Ohio publications, has been sold to American Community Newspapers of Dallas. In a memo today, CM President Max Brown thanked employees and told them representatives of their new employer would answer questions Tuesday. “After much deliberation, our family has decided to sell the publishing and printing operations of CM Media,” Brown said in the memo, copies of which were obtained by The Dispatch. Brown didn't mention terms of the deal in the memo and did not return a phone call late today from the The Dispatch. The deal means that The Other Paper, Suburban News Publications, CM Printing, Columbus Monthly, Columbus C.E.O. and Columbus Custom Publishing will become property of American Community Newspapers, the memo said. American Community Newspapers owns dozens of publications in Minnesota , Texas and the Washington area. A top company official, reached by phone, would not confirm the sale. “We make no comment on rumors,” said Daniel J. Wilson, the company's chief financial officer. Copyright © 2007, The Columbus Dispatch
Scanning the names of the papers the new company owns, I didn't notice any altweeklies. I wonder what that means for The Other Paper, the CM holding I imagine most donewaiting readers read.
In general, it sucks that a national chain will be calling the shots, though.
It's pretty sad that a few years ago, Columbus had two alternative weekly newspapers, one that was independently owned, and another that was owned by a local company with several holdings.
Now one the independently owned one is an entertainment weekly owned and run by the Dispatch Printing Company (which is at least a local big, stupid, media conglomeration), and an altweekly owned by a national newspaper chain from out of state.
I don't think either Alive or The Other Paper are very good altweeklies, or have been in as long as I lived here (In the former's case it was as much my fault as anyone else's, but if I were going to make excuses, it would be that Alive used to be weak due to poverty, and now it's weak becuase it's being run by a bunch of out-of-touch, insincere jackasses who only bought the damn thing because The Other Paper was sucking up the only central Ohio advertising dollars that the Dispatch couldn't get at), but I'm actually a little worried about the possibility of this company doing away with The Other Paper.
I've accpeted the fact taht it is too much to ask that Columbus have one good altweely; but is it really too much to as that we have at least one altweekly of any kind?
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