Independent Weekly Buys The Spectator from Creative Loafing
By AAN Staff
august 14, 2002 11:06 am
Steve Schewel, president of Independent Weekly's parent company, and Ben Eason, president of Creative Loafing, announce the sale of Raleigh's alt-weekly to its Durham rival. By October, the two papers will merge into one, to be called the Independent. "We were able to work out this acquisition because we admire the Creative Loafing
folks and their commitment to great alternative journalism in the South," Schewel said in a news release.
"Instead of knocking heads with us in the Triangle, they can take the cash from this
sale and build even better papers in the cities where they're already very strong."