by robert szappanos » Thu May 22, 2008 1:31 pm
SouthComm Communications, Inc., a Tennessee-based media and publishing company, has acquired LEO, an alternative weekly newspaper serving the Louisville area, from Times Publishing Co. of Pennsylvania.
LEO, the Louisville Eccentric Observer, was founded in 1990 by John Yarmuth to provide news and commentary on current affairs as well as a guide to regional entertainment and recreation opportunities. The paper is distributed for free at more than 850 locations in Louisville and Southern Indiana and reaches more than 179,000 people.
“We’re very pleased to bringing LEO into the SouthComm fold,” said Chris Ferrell, Chief Executive Officer of SouthComm Communications. “Our vision is to build a family of niche publications that produces quality products for distinct audiences. With its strong track record of insightful and relevant coverage of the Louisville area, LEO fits that mold perfectly.”
As part of the deal, Pam Brooks will remain publisher, a position she has held since 2003.
SouthComm Communications was formed late last year to develop and acquire media properties around the Southeast. Its initial portfolio company was SouthComm Publishing, a custom publishing company based in Atlanta. Since then, it has grown to include business and political new site NashvillePost.com, Music Row magazine, BusinessTN magazine and Medical News Papers. The company also has signed an agreement to acquire The City Paper in Nashville and plans this summer to launch Her Nashville, a regional women’s magazine.
“LEO has evolved into the Louisville area’s most urbane and challenging newsweekly by looking beyond the surface and delivering locally relevant information that can’t be found elsewhere,” said Brooks. “We look forward to tapping the talents of the SouthComm team to help us provide even more value to our readers, advertisers and publishing partners.”
Chris Ferrell is no newcomer to the alternative weekly world, having formerly served as publisher of the Nashville Scene. Prior to that Ferrell served eight years as a councilman at-large in Nashville-Davidson County.