Owner of Gay Newspaper Chain Behind NY Press Purchase

january 14, 2003  03:57 pm
New York-based Avalon Equity Partners is now the majority owner of both the New York Press and Window Media, which operates a number of gay weeklies, including the New York Blade News and the Washington Blade. Cynthia Cotts of The Village Voice writes that the gay media worries about Avalon's ownership, fearing a private equity company with no gay credentials will undermine the integrity of their product. David W. Unger, co-founder and managing partner of Avalon, insists that neither the Press nor the gay publications will lose their identities simply by being connected through a mutual investor. Unger says the Press should make money "with just a little hands-on management."