The company just announced the deal in a press release issued a few minutes after noon. Read what the Nashville-based holding company has to say after the jump:
SouthComm acquires two publications from Creative Loafing
Deal adds to Nashville holding company’s portfolio of alternative weeklies
Nashville, Tenn. — SouthComm Inc. announced today it has acquired Creative Loafing Charlotte and Creative Loafing Tampa from CL Inc., the parent of the chain of alternative newspapers. Terms of the transaction were not disclosed.
The Charlotte and Tampa publications are the fourth and fifth alternative weeklies under the SouthComm umbrella. The company also owns the Nashville Scene, LEO in Louisville and the Kansas City Pitch. CEO Chris Ferrell said SouthComm’s latest expansion fits its model of operating niche publications in mid-sized cities throughout the Southeast and Midwest.
“Creative Loafing is a very strong brand, and these two papers are well read and well run,” Ferrell said. “We look forward to having them as part of the SouthComm family of publications. We are excited to grow in Charlotte and Tampa, which are very good cities for us to build out our model of having multiple niche publications in each market.”
Last week, Southcomm launched Her Kansas City, a monthly women's magazine. So the Southcomm stable of publications keeps growing.