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Bruce Brugmann—alt weekly real estate mogul?

Thursday, April 26, 2012

While his Bay Guardian has struggled financially, Bruce Brugmann ends his 40 years at the helm of the iconic left-leaning alt weekly a big winner at the cash window—thanks to some old-fashioned real estate appreciation. It isn’t known (and may never be) how much the Guardian will fetch from its soon-to-be new owners, SF Newspaper Co. LLC, the entity affiliated with Canadian publisher Black Press Group, owner of the Examiner. But it’s bound to be small potatoes compared to the $6.5 million Brugmann and wife Jean Dibble got for selling the building where the Guardian is housed. They paid $4.7 million for it in 2002.

Add: And how’s this for a bit of imagery unimaginable a short time ago when right-wing billionaire Philip Anschutz owned the Examiner, a publication Brugmann railed against? The Guardian will move in with the Ex over on Stevenson Street once the acquisition clears. Chronicle
Image: IndyBay
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