The Portland-based owners of Willamette Week and Santa Fe Reporter have added Independent Weekly to their portfolio. The Durham, N.C. newspaper’s press release points out that Willamette Week co-owner Richard Meeker “has an important and long-standing Triangle connection. He is the brother of former Raleigh Mayor Charles Meeker. Richard Meeker’s father also lives in North Carolina, so he has traveled to the state frequently over many years.”
The Willamette Week story notes:
The purchase comes at a time when newspapers—including alternative weeklies—continue to suffer a long-term decline in advertising revenue and print circulation. Last week, Village Voice Media, which owns 13 alt-weeklies, including its flagship New York paper, laid off several reporters around the country.
Meeker says he and Zusman are concerned by the industry’s woes but think the Raleigh market and the Research Triangle area of North Carolina present a highly-educated, literate market still interested in quality journalism.
Terms of the deal weren’t disclosed.
* Willamette Week owners buy North Carolina newspaper (wweek.com)
* Steve Schewel announces the sale of Independent Weekly (indyweek.com)
* Independent Weekly founder to sell news organization (heraldsun.com)