LA Weekly was sold Wednesday, with all of its top editors and all but one of its writers laid off as the deal closed. A day later, the alternative newsweekly’s buyers are still shrouded in secrecy.
An image shows LA Weekly’s October 2017 issue. (Credit: Los Angeles Times)
That secrecy is “appalling and offensive,” the president of the Society for Professional Journalists said Thursday, demanding public disclosure of the owners’ names.
Semanal Media Group — a company that a group of investors created six weeks ago for the purpose of buying LA Weekly — is the publication’s official new owner.
According to documents filed with the California secretary of state’s office, Semanal is helmed by David Welch, a Los Angeles attorney known for representing members of the cannabis industry. Brian Calle, who was hired to manage LA Weekly’s operations, has said Welch also invested in Semanal.
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