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Tuesday, May 6, 2014

Todd Vogt, San Francisco Print Media Company President, Likely to Sell SF Weekly, Bay Guardian, Examiner

Posted By on Tue, May 6, 2014 at 6:59 PM

click to enlarge Todd Vogt has come to a fork in the road - MIKE KOOZMIN
  • Mike Koozmin
  • Todd Vogt has come to a fork in the road

If you ever hoped to keep something on the down low, it's best not to announce it in front of a command gathering of multiple newspaper staffs. Newsrooms are not impregnable fortresses. 


Todd Vogt knows this. 

And, in an "all-hands meeting," the San Francisco Print Media Company president told the assembled workforces of the SF Weekly, Bay Guardian, Examiner, and Bay Area Reporter that he's heavily leaning toward selling his share of their papers' parent company to his partners, Oahu Press, Inc.

Vogt told the gathered throng that he's arrived at a fork in the road in his relationship with the Hawaiian outfit: Either he must sell his shares in the media conglomerate to them, or -- with the aid of as-yet non-existent partners -- he'll buy them out.

He informed the newsroom he's highly likely to cash out come May 30. Vogt reiterated to SF Weekly moments ago that's still the case. 

"Unless I can find local partners, I'm not gonna do the deal," Vogt says. "I've got 25 days to do a deal or sell out."

If the latter scenario comes to pass, SF Weekly, the Guardian, and the Examiner will become properties of the Oahu Press; the BAR, which is owned by Vogt and Pat Brown outside of the San Francisco Print Media Company, is not affected.

Dennis Francis, the president and publisher of Oahu Press, addressed the newsroom this afternoon in the aforementioned all-hands meeting. Asked outright about shuttering papers and reducing staffs, he stated that's not his company's intention. He did, however, add the caveat "never say never." 



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About The Author

Joe Eskenazi

Joe Eskenazi

Bio:
Joe Eskenazi was born in San Francisco, raised in the Bay Area, and attended U.C. Berkeley. He never left. "Your humble narrator" is a staff writer and columnist for SF Weekly, which he has written for since 2007. He resides in the Excelsior with his wife, 4.3 miles from his birthplace and 5,474 from hers... more

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