Terms of the deal, announced this afternoon, weren’t disclosed by seller Blue Equity Publishing or the buyer, Lifestyle Media, which publishes LEO Weekly, according to The Courier-Journal.
The sale includes The Voice-Tribune, a weekly dating to 1949 that focuses on society and party news; The Voice of Louisville magazine, and Modern Louisville, a newer title that targets the LGBT market.
Blue Equity Publishing has been a subsidiary of private-equity firm Blue Equity LLC since 2007.
A news summary, focused on big employers; updated 8:42 a.m.
KFC: British authorities have fined the restaurant chain $126,000 after it pled guilty in Cwmbran Magistrates’ Court to three charges over hygiene issues at a Pontypool restaurant in Wales last year. An environmental health inspector found no hot water in the bathrooms or food preparation areas, meaning employees couldn’t properly wash their hands, and the premises and food equipment could not be cleaned. The problem stemmed from a boiler that had failed 10 days before the inspection. Janet Cox, head of health, safety and environment at KFC U.K. said the company accepted the findings, and noted that 97% of the 890 U.K. restaurants have a food hygiene score of four out of five or above (Wales Online).
In other news, Mid-City Mall’s $1 million renovation last year was slowed by the discovery of asbestos in the roof, delaying completion of the nearly 60-year-old Highlands institution past the critical Christmas shopping season. “It’s been a disaster to my tenants,” majority owner Sandy Metts told Louisville Magazine in the just-published June issue. Metts, whose family bought the Bardstown Road property in 1976, had to reduce rent, and plans for renovating the Baxter Street side are now on hold.
Metts had to please critics who weren’t happy with the design from the git-go. “This is lipstick on a very old pig,” Debra Richards Harlan told the Bardstown Road Overlay District during the planning stages last year, according to WDRB. This was the first renovation since the 1980s. The mall’s development started in 1959, and was built on the former site of the German Protestant Orphan’s Home; photo, below:
And finally, private-equity shop Blue Equity of Louisville bought 3 Kings Entertainment, a broadcasting talent agency in Washington representing more than 100 news anchors, reporters, sportscasters and other media personalities for an undisclosed amount. The deal comes as Blue Equity builds a new sports and entertainment platform (Sports Business Daily).
News about business and culture in Louisville, Ky.