While we are hearing cryptic information about the fate of Seattle Weekly comes news that LA Weekly is going through a strange transition of its own. LA Weekly is currently owned by the company that used to own Seattle Weekly.
According to the LA Times, Voice Media Group "has agreed to sell" LA Weekly to Semanal Media, "a new entity created for the purpose of this transaction, said Sara April at Dirks, Van Essen & Murray, a merger and acquisition firm that is representing Voice Media in the sale. April would not say who owns Semanal or where the company is based."
Semanal Media does not have a website, according to a Google search. Without any further information, all I can say is that the word "Semanal" combines that grossness of the word "seminal" while getting "man" and "anal" into the mix. Also, semanal is the Spanish word for weekly.
Those staffers’ fates are unclear. On Wednesday afternoon, staff members who are part of the International Assn. of Machinists & Aerospace Workers union received a notice from LA Weekly Chief Financial Officer Jeff Mars saying that when the sale closes, their “employment with the company will terminate.” Eligible employees will receive severance payments, the notice says.
Voice Media sold Seattle Weekly and SF Weekly in 2013. It sold its flagship paper, the Village Voice, in 2015. That paper stopped putting out a print edition last month.
This is incredibly sad news for the employees of LA Weekly, and for people in LA who read and rely on independent journalism.