Monday, October 10, 2011

SouthComm Buys Creative Loafing Papers in Charlotte and Tampa

Posted By on Mon, Oct 10, 2011 at 12:53 PM

SouthComm, parent company of the Scene and The City Paper among a plethora of diverse media holdings, has just extended its reach in the Southeast. From NashvillePost.com:

SouthComm Inc., the parent of NashvillePost.com, 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.”

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