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Bay Guardian to be sold; Bruce Brugmann steps down

Tuesday, April 24, 2012

imageThe Bay Guardian’s sale to the Canadian publishing company that owns the Examiner appears all but official. Guardian founding publisher Bruce Brugmann and wife Jean Dibble signaled that a deal with Black Press Group was imminent today while announcing that they’re stepping down from day-to-day operations at the alt-weekly. Executive editor Tim Redmond will add the title of publisher and stay on after the paper is sold, the announcement said. Brugmann will stick around in an advisory role and continue to blog for the website.

Add: This afternoon’s announcement came moments after San Francisco Business Times reported that the alt weekly has agreed to sell the building where the paper is housed to investor group Union Property Capital for $6.5 million.

Meanwhile, Examiner publisher Todd Vogt confirmed to SF Weekly that the transaction for the alt weekly is expected to occur “within the next few weeks” and said that the editorial staff will remain intact. No terms were disclosed.
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