Phoenix Media Buys Spanish-Language Weekly

december 2, 2008  08:05 am
The Boston-based alt-weekly publisher has purchased El Planeta, saying it hopes to attract a larger Hispanic audience in the Boston area, the Boston Globe reports. Phoenix Media had been investing in the weekly since 2005, and already prints and distributes the paper. "I personally strongly see the value in the Hispanic newspaper market and the opportunity for that to grow," says Phoenix Media president Bradley Mindich. "It was one of these opportunities we couldn't pass up." The company, which owns AAN members in Boston, Portland, and Providence, will share some content with El Planeta, and the Spanish-language paper's staff will move into Phoenix Media's Boston headquarters. Terms of the deal were not disclosed. More from Boston Business Journal.