Nashville-based media company and Nashville Scene parent SouthComm Inc. has reached an agreement to sell its Washington City Paper to a venture capitalist.
In addition, the company is close to finalizing a deal to sell its alt-monthly Kansas City Pitch.
Washington, D.C., businessman and philanthropist Mark Ein is the prospective buyer of the alt-weekly City Paper. The deal is for a reported $50,000 and will include festival business Crafty Bastards, Washingtonian reports.
At Washington City Paper, Alexa Mills and Eric Norwood will continue as the paper’s editor and publisher, respectively, Washingtonian reports.
Kansas City Pitch Publisher Amy Mularski is transitioning to become publisher of the Scene and SouthComm publications Nashville Post and Nfocus.
“At this juncture, the two potential deals in question have not officially closed so it would be premature to comment except to say that we are committed to find the best homes possible for the alternative weekly newspapers,” said Blair Johnson, SouthComm chief operating officer.
