Categories: OLD Media Moves

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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.