By: Staff reports
Village Voice Media Makes Quick Changes
The Long Island Voice, one of the eight Stern weeklies sold earlier this week to a group of investors, will cease publication, reported The New York Times today.
Village Voice Media, the company that bought Stern Publishing on Tuesday, decided to close the three-year-old alternative newsweekly after it had failed to expand its circulation, attract new advertisers, and make a profit.
David Schneiderman, the chief executive of Village Voice Media, confirmed earlier announcements this week that Village Voice Media plans to purchase other alternative papers but that it was necessary to cut losses.
The sale of Stern Publishing on Tuesday to Village Voice Media included ? in addition to the Voice and its Long Island, N.Y., version ? weeklies in Los Angeles, Cleveland, Minneapolis-St. Paul, Seattle, and Orange County, Calif.