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Phoenix New Times history
Phoenix New Times company history timeline
They regained control of the paper in 1977 and took it private with an $800,000 loan from a local savings and loan institution.
In May 1983 New Times acquired Westword, a biweekly published in Denver with a circulation of 40,000, for about $67,000.
New Times acquired the Dallas Observer in the fall of 1991 for an estimated $3 million.
When Phoenix Hosted the Very First Lollapalooza Concert in 1991: An Oral History
In 1993 New Times added a fifth weekly to its chain with the purchase of the financially troubled Houston Press.
In 1995 New Times acquired the Ruxton Group, a Chicago-based national advertising representative firm.
New Times expanded its presence in south Florida in 1997 with the launch of Broward-Palm Beach New Times.
At the end of 1998 the New Times chain of alternative weeklies grew to ten with the acquisition of St Louis's Riverfront Times.
In 2001 Lee Newquist, whom New Times had named as publisher of FW Weekly, bought the paper back from New Times for an undisclosed sum.
New Times bolstered its presence in the San Francisco Bay Area in 2001 with the purchase of the East Bay Express, a locally owned weekly in Berkeley, California.
At the end of 2001, New Times' formula for acquiring and growing alternative weekly newspapers appeared to be working.
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Phoenix New Times competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Riverfront Times | 1977 | $4.2M | 48 | - |
| Opelika-Auburn News | 1890 | $7.9M | 72 | - |
| The Brownsville Herald | 1892 | $16.0M | 150 | - |
| The Citizens' Voice | 1978 | $15.4M | 49 | - |
| Centralia Press | 1863 | $3.9M | 100 | - |
| 303 Magazine | 2004 | $1.2M | 30 | - |
| Phoenix Newspapers | 1998 | $520.0M | 2,480 | - |
| ABC15 Arizona | 1979 | $30.0M | 375 | - |
| Richner Communications | - | $540,000 | 50 | - |
| Sacramento News & Review | - | $360,000 | 6 | - |
Phoenix New Times history FAQs
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