AAN News » Industry News
   

John Yarmuth Offers His Two Cents on the LEO Sale

By AAN Staff
july 22, 2008  10:00 am
LEO's founder, who currently represents Kentucky's Third Congressional District in Congress, says that the recent sale of the paper to SouthComm Communications was "probably a good thing." He tells the 'Ville Voice that the former owners "had lost interest" over the past few years, and that "their business plan wasn't working," because it was based on owning a chain of alt-weeklies, and they only ended up with two. "[SouthComm] obviously cares about the paper, it's part of a business plan that they've already executed, to a certain extent, because they already own multiple papers," Yarmuth says. "Not all are alt-weeklies but they are in the region so they can do regional ad buys and so forth. I think it will be good for the paper."
View full article at The 'Ville Voice
Tags: , ,