From the Creative Loafing Inc. Press Release
The Reader and City Paper, which were both controlled by the founders of the Reader, were acquired today by Creative Loafing Inc., which owns alt-weeklies in Atlanta, Tampa, Sarasota and Charlotte. “The addition of two top-ten markets — and two of the industry’s most respected alternative news products — offers us a pivotal gateway of connectivity with the young adult audience,” CEO Ben Eason says in a statement. “Our expansion into Chicago and Washington reflects our confidence in the future of alternative publishing — in print, on the web and in other media as they emerge.”
Congrats are in order (I guess) for the folks at Creative Loafing, however I’m a touch concerned where it will land local art (among other local scenes) coverage… Let’s keep an eye on this. It is possible that very little will change, maybe.