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

Chilliwack police ask for help in locating 14-year-old

Bowen Samantha Hardy was last seen 10 p.m. Wednesday

FVRL launches online library cards

FVRL’s services have evolved

Police seek suspects allegedly using counterfeit cash at Hope gas station

RCMP say the two suspects attempted to pay with 100 and 50 dollar bills

Mission has two confirmed cases of COVID-19 at care home

Two residents at Chartwell Cedarbrooke Retirement Residence have been diagnosed says Fraser Health

District of Hope working with businesses on ‘voluntary shutdowns’

Portable washrooms open, campground closed to visitors amid COVID-19 response

Trudeau rejects mandatory stay-at-home order for now; COVID deaths up

The virus has now infected more than 10,000 Canadians and cost 130 their lives

B.C. health care workers gain access to virtual health care options

During COVID-19 many clinics have closed, leaving health care workers with nowhere to turn

Tax collectors, auditors to help field ‘historic’ numbers of benefit-seeking callers

‘If you work for CRA, people think we are just there to take money from your pockets.’

Cowichan couple won’t self-isolate after returning from overseas

New law requires 14 days of self-isolation when returning to Canada

Family uses social media to help truckers find places to eat during pandemic

Restaurants Serving Drivers in Western Canada seeks to provide a list of places open for drivers

Advocates sound alarm over COVID-19 limiting access to contraceptives, abortion

The COVID-19 outbreak has hit sexual-health services from almost every angle

Abbotsford man who tries to start gas-station fight gets sprayed with gasoline

Suspect returns with knife and throws it at victim, but is quickly arrested by police

Abbotsford family of 5 who was stuck in Vietnam is now back home

Janzen family sends ‘huge and heartfelt’ thank you to everyone who helped

Most Read