Worcester Magazine Sold to Local Weekly Publishers

august 20, 2008  08:01 am
The Holden Landmark Corp. yesterday purchased the alt-weekly from Worcester Publishing Ltd. for an undisclosed sum, according to reports. Landmark owns four community weeklies in Central Massachusetts and a monthly parenting magazine. Owner and publisher Allen Fletcher tells the Worcester Business Journal that he sold the magazine because he had arrived "at a time in my life when I was looking to make a change. It's a personal path I've been on for a few years." He told the Telegram & Gazette that the paper was in good health, with this year seeing a 30 percent increase in revenues over last year. Landmark publisher Gareth Charter says they have "no interest whatsoever in suburbanizing Worcester Magazine," but he hopes it can expand the company's advertising reach, by allowing businesses to target the city as well as individual suburbs where Landmark already has weeklies. The deal is expected to close Aug. 29.