Report: Bay Area Media Mogul Set to Add Non-Controlling Interest in GLBT Weekly

In case you hadn’t noticed, a fascinating newspaper rivalry has teed up in San Francisco. One that is about to become even more clearly, solidly delineated.

As we recently reported, Hearst has enlisted a couple of major execs  to try and re-invigorate San Francisco Chronicle print-digital operations. The daily will be vying for readers alongside a range of properties controlled by Todd Vogt’s San Francisco Newspaper Company.

This morning, SF Appeal reporter Max A. Cherney updates a recent announcement that Vogt is about to add a stake in the Bay Area Reporter, a 42-year-old LGBT-focused print weekly. From Cherney’s report:

In a letter of intent, inked in April, Vogt and SFNC CFO Patrick Brown made clear their plan to acquire a minority stake in the Bay Area Reporter – independently of the SFNC.

All that’s left to cement the deal is “dotting the “I”s and crossing the “T”s” – and that should happen within the 60 days, Brown told The Appeal. (When contacted by The Appeal, Vogt declined to discuss the deal on the record.)

The rest of Cherney’s article, which is well worth the read, confirms that Vogt is very much in the same camp as OC Register would-be saviors Aaron Kushner and Eric Spitz. Namely, he also still firmly believes that if done right, readers will continue to also support a printed news publication.

@hollywoodspin Richard Horgan is co-editor of Fishbowl.
Publish date: June 4, 2013 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT