California biz journal sold to local investors
The North Bay Business Journal in California is being sold to local investors along with the Santa Rosa Press-Democrat daily newspaper.
A story on the business journal’s website states, “Terms of the agreement were not disclosed.
“The purchase is being lead by Sonoma Media Investments managing partner Darius Anderson, a resident of Sonoma and one of California’s leading political lobbyists. He is the owner and founder of Platinum Advisors, LLC, one of California’s leading government-relations firms representing Fortune 500 companies, California public agencies and a variety of business and nonprofit interests.
“Other partners include former Congressman Douglas Bosco of Santa Rosa, Bill Hooper and Steve Falk, former publisher of the San Francisco Chronicle and currently the chief executive officer and president of the San Francisco Chamber of Commerce.
“‘The Press Democrat, the Argus-Courier and the Business Journal are strong and historic local media brands, and we believe the community will benefit from local ownership,’ said Mr. Falk, chief executive officer and spokesman for Sonoma Media Investments.”
Read more here.