New Times, VVM Cut Deal, Close Papers
By AAN Staff
october 3, 2002 10:43 am
Village Voice Media paid NT Media
more than $1 million to close New
Times Los Angeles, sources tell the
Los Angeles Times. New
Times paid VVM a lesser amount to
shutter
Cleveland Free Times, the daily
reports.
An anti-trust lawyer says the
transaction, negotiated quietly over the
past three months, "could raise rather
interesting antitrust issues."