More on the Sale of Washington City Paper
When Washington City Paper and its sister alt-weekly, the Chicago Reader, were sold last month to Creative Loafing, the spin went like this: The papers’ owners were getting up there in years and didn’t have the energy to counter the prolonged media slump that’d chipped away at the pubs’ profit margin.
True, but not complete. In a great little story about the sale, Chicago Reader media guy Michael Miner paints a fuller picture, one that discusses a spat among the WCP-Reader owners. As it turns out, a disaffected member of the ownership team last year sued some of his partners—and may well have sped up the sale of the properties. It’s an excellent read.
For the especially curious, we’ve obtained a copy of Rehwaldt’s complaint (PDF), filed in Cook County Circuit Court in December.
August 24th, 2007 at 9:21 pm
I should have bought the WCP. Hell, I have the money and the WCP would make a great venue for me to spill my ill will.
August 24th, 2007 at 10:06 pm
Yeah, those unemployment checks really add up after a while.
August 25th, 2007 at 6:46 am
LOL…is that why you are constantly in seach of menial paralegal jobs? Or what about when you claims that Dan Tangherlini tapped you to run the DC Meter job that ACS was given?
Rees, you are a hoot.
August 25th, 2007 at 3:49 pm
And don’t forget his most recent fabrication - he’s living in New York, having been hired as management for PepsiCo! Too funny!
I guess selling toothbrushes to nursing home residents didn’t pan out.