Charlotte Observer reporter Katherine Peralta writes, “The Pilot announced the transaction over the weekend and said it will close “within days.” Terms of the agreement were not disclosed.
“David Kinney, Red Hand Media’s manager and the magazine’s editor-in-chief, will retire and his son, Ben, will continue as its publisher. He will report to Pilot publisher David Woronoff, who worked at Business North Carolina from 1991 to 1996.
“‘I’ve been with BNC almost 30 years. It has become like my child, and you don’t hand your child off to just anybody,’ David Kinney told The Pilot. ‘That’s why we didn’t shop it around. In a way, we’re keeping it in the family.’
“Business North Carolina was founded in 1981. It has a statewide circulation of about 27,500, has won more than 100 national awards and was named the best regional business magazine in the U.S. in 2012.”
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