August 26, 2013
ORLANDO -- Times-Shamrock Communications announced today that it is placing its alternative weekly division on the market for sale, which includes the Orlando Weekly.
The Orlando Weekly is one of five properties in Times Shamrock’s alt-weekly portfolio; other weeklies in the division now on the market include San Antonio Current, Cleveland Scene, Baltimore City Paper; and Detroit Metro Times.
“The Orlando Weekly has been a strong, profitable investment for us for many years,” said Scott Lynett, CEO of Times-Shamrock Communications. “As we look to diversify our family’s holdings, it made sense for us to offer Orlando Weekly for sale to someone who could take it to the next level of growth.”
General Manager for the Orlando Weekly, Graham Jarrett, expressed enthusiasm for the long-term prospects of these multi-media properties.
“It will be business as usual for all of us in Orlando during the sales process,” Jarrett said. “We are going to continue to serve our readers and advertisers, just like we do every day.”
The sale process will be handled by Dirks, Van Essen & Murray, a leading merger-and-acquisition firm in the U.S. newspaper industry.