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Publisher Says He Won Bid to Buy Washington Blade Before Shutdown

Jim Burroway

November 17th, 2009

A Washington, D.C.-area LGBT publisher has confirmed that his company had been in the process of purchasing the Washington Blade and working toward a seamless transfer when the current owner, Window Media, abruptly ceased operations.

Window Media had been in receivership with the Small Business Administration. Nicholas Benton, owner of the weekly Falls Church News-Press confirmed in a press release that his company, Benton Communications, had won a bid in September to purchase The Blade “for purposes of a seamless perpetuation of the nation’s oldest gay community newspaper.” Benton says that he was contacted by agents representing Window Media and the SBA in late September and informed that his bid was accepted. He said that the process to complete the sale continued until Nov. 6.

“Everything was in place, although moving slowly, to make the seamless transition we hoped for. But I remain unaware of what happened, and as a result of Monday’s events, The Blade is gone after 40 years of publication, its employees are out of work, and the nation’s and region’s LGBT community has been stripped of an invaluable institution.” Benton said.

So far, there has been no word yet on why Window Media and the SBA suddenly shut down The Washington Blade and other newspapers, including Southern Voice, The Houston Voice and The South Florida Blade. Miami-based Multimiedia Platforms had been negotiating the purchase of The South Florida Blade, but has announced that they will now launch a new newspaper after hiring the former employees at the defunct paper and 411, a companion magazine.

Former Washington Blade editor Kevin Naff has said that he and other staffers plan to investigate starting a new paper. The Blade ran a profit as a standalone publication within Window Media, but not a large enough profit to keep the parent company out of bankruptcy.

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Priya Lynn
November 17th, 2009 | LINK

Well, that seems very strange.

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