Georgia Straight/Facebook

Georgia Straight alt weekly to be purchased for $1.25M

Media Central also plans to buy Toronto alt weekly Now Magazine for up to $2 million

Media Central Corp. says it will buy Vancouver’s Georgia Straight alternative weekly newspaper and associated publications in a deal valued at $1.25 million, including cash and shares.

It’s the second recent acquisition for Media Central, which said last month it would pay up to $2 million to buy Toronto alternative weekly Now Magazine.

Georgia Straight founder Dan McLeod says he saw potential in Media Central’s plans for Now, announced Dec. 2. His son, general manager Matt McLeod, negotiated the deal.

In addition to the Georgia Straight, Media Central will acquire straight.com and straightcannabis.ca. Its other publications include the cannabis-focused online site CannCentral as well as Now Magazine and nowtoronto.com.

Media Central chief executive Brian Kalish says there’s an opportunity to tap into a stable readership developed over the years by alternative weeklies across North America.

Georgia Straight has an estimated 2.7 million readers per month through its print edition and an additional 1.8 million through its website.

“The Straight is a highly trusted Vancouver institution,” Kalish said in a statement.

“The Georgia Straight brings more than 50 years of respected, award-winning local journalism and an influential loyal audience of 4.5 million monthly readers to the Media Central family.”

However, Dan McLeod acknowledged in an interview that weeklies have been hit by the same decline in advertising that has affected most other print publications since the rise in digital alternatives.

“But I think that Media Central has a plan to move forward. They’re going to buy up a lot of alternative papers and they have some innovative ideas. So I think they have a good chance to make a go of it.”

McLeod says he’s semi-retired, but will remain available in an advisory capacity. He expects Media Central will retain the company’s other staff to run the Vancouver operation.

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Variety gala moves east to Langley

The second annual One Night in the Valley fundraiser moves to Glass House Estate Winery in April

Langley brewery renames beer as tribute to local Vegas shooting victim

Maple Ridge’s Jordan McIldoon, one of 58 killed in 2017 mass shooting, remembered by Five Roads

Salvation Army Gateway of Hope in need of towel donations

People can bring new or used towels to 5787 Langley Bypass weekdays for the shelter’s shower program

Langley curlers head for showdown in Cranbrook

Team Tardi will be competing in the B.C. men’s championships next week in the Kootenays

White Rock woman seeks fellow hockey players for BC 55+ Games

Sue Rittinger aiming to put Zone 3 women’s team together in time for September event

VIDEO: Youth arrested in Langley mall attack

UPDATE: Young person allegedly hit with gun butt during fight at Willowbrook Shopping Centre Tuesday

B.C. man rescued after getting trapped headfirst in well as water level rose

The rescue involved crews from Oak Bay and Saanich

Investigators in wildfire-torn Australia head to site of B.C. airtanker crash

The B.C. government sends condolences to Port Alberni-owned Coulson Aviation

Mud slide prompts evacuation in Burnaby as rain saturates southern B.C.

About 20 metres of a five to six-metre high wall gave way

RCMP investigating sexual allegation against Lower Mainland police officer

Delta officer suspended while the alleged off-duty incident involving a co-worker is investigated

Former Mountie, sports coach convicted of sex abuse in B.C. granted day parole

Alan Davidson was sentenced to almost six years for abusing seven boys in the late 1970s and early 1990s

VIDEO: Person in wheelchair narrowly avoids collision with car in Kelowna

There were no injuries in the scary looking near-accident last week in Rutland

Here’s what Canada is doing to stop the coronavirus from getting in

Health officials are monitoring multiple possible cases in Canada

Fraser Valley poultry producer’s $130,000 fight with the CFIA earns him a red-tape award

Canadian Federation of Independent Business Paperweight Awards ‘honour’ government over-regulation

Most Read