The acquisition is effective today, Aug. 31.
Crain acquired Grand Rapids Business Journal, which launched in 1983, from Gemini Media LLC. The publication already has four city business newspapers — Crain’s Detroit, Chicago, New York and Cleveland Business.
“The expansion of coverage into the Grand Rapids area is a natural path of growth for us,” said KC Crain, president and CEO of Crain Communications, in a statement. “Grand Rapids sits between two of our biggest areas of regional business coverage — Detroit and Chicago — and it’s proven to be an area our readers are involved in and want to see more coverage on.”
The Grand Rapids publication will continue to operate as a separate media outlet. The team of 10 reporters and advertising sales executives will continue with GRBJ.
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