Just before Christmas, we told you about the imminent expected announcement by Canadian-born media mogul Todd Vogt of another Bay Area acquisition. But the trail went cold into the holidays, perhaps because CPAs and due-diligence folks have a right to a Christmas break just as much as the next person.
Following a weekend item in the San Francisco Appeal about the opinions of Phil Bronstein and Clint Reilly regarding another possible Vogt transaction, Appeal publisher-editor Eve Batey this morning has the scoop:
A source close to the deal tells The Appeal that the sale of Voice Media Group’s Weekly to the San Francisco Newspaper Company, a consortium including “co-owner, president & publisher, The San Francisco Examiner & Bay Guardian” Vogt and the CEO of Canadian newspaper company Black Press, will be announced this morning…
The sale means that Vogt’s company will own three of the four major English-language print newspapers in San Francisco. Far from upsetting former media consolidation opponent Reilly, he instead praised the (then rumored) sale, telling The Appeal that “We ought to be giving Todd awards for public service because he’s helping keep the dialectic alive in San Francisco.”
Employees of the Weekly are reportedly being informed right now about the deal, as part of a 9 a.m. staff meeting.
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