Tuesday, August 27, 2013

Classified Section For The Classified Section

Forget buying a large Crisco can, you can buy the Metro Times:
The company that owns the Metro Times told its Detroit staff this morning the paper is for sale, throwing the future of the 33-year-old alternative weekly into doubt at a time of great uncertainty for print publications.

Few details were available; employees were told not to speak to the media.


The longtime editor, W. Kim Heron, resigned in December, and at times this year there were only two or three fulltime staffers putting out the paper.
According to the most recent verified audit, the Metro Times weekly circulation is 52,286 copies. In June, it reported 285,803 page views to its website in the previous 30 days, and 122,609 unique visitors.

The paper is owned by Times-Shamrock Communications of Scranton, Penn., that owns newspapers, radio stations in several states and alternative weeklies like Metro Times in Orlando, Baltimore and San Antonio, which are also being put on the market today, the company said in a statement.

Newsweek magazine sold for $1.  I think that's a fair price for the Metro Times.

1 comment:

  1. Are we doing bidding for the MT? Surely Mr. Callwood would bid $1.50 merely to be in charge of the whole operation.