Voice Media Group - Press

VOICE MEDIA GROUP TODAY ANNOUNCES SALE OF SF WEEKLY TO SAN FRANCISCO NEWSPAPER COMPANY

Strategic Decision Made as Part of New Focus on Expanding Multi-Platform Content Offerings

Denver, CO (January 9, 2013) -- Voice Media Group today announces the sale of SF Weekly and Seattle Weekly. Specifically, SF Weekly LP has closed on the sale of SF Weekly to the San Francisco Newspaper Company, which is the publisher of The San Francisco Examiner and the San Francisco Bay Guardian.

The deal, effective immediately, means that The San Francisco Newspaper Company ("SFNP") will assume operations for the paper beginning today. The sale of SF Weekly will allow Voice Media Group to focus on growth opportunities for mobile and online platforms and to develop core digital offerings in its other key markets.

"This is a strategic decision aligned with the long-term business goals of VMG," said Scott Tobias, CEO of Voice Media Group. "Todd Vogt is known for his expertise in the local paper space and he is a great choice to take ownership of SF Weekly."

Todd Vogt, President and Co-Owner of SFNP, added, "This is an exciting day for our company as we add a title that is recognized as one of the leading alternative weekly newspapers in the country. Village Voice Media Holdings built a great company of excellent newspapers. SF Weekly expands our commitment to deliver the very best local media coverage in San Francisco."

Under the terms of the agreement, Voice Media Group will continue to own and operate the following print publications and corresponding digital properties: Village Voice (New York), LA Weekly (Los Angeles), Westword (Denver), New Times (Phoenix), Houston Press, Dallas Observer, Riverfront Times (St. Louis), New Times (Miami), City Pages (Minneapolis), New Times (Broward) and OC Weekly (Orange County).

Financial details of the deal will not be disclosed.