A major local media group has been sold. The company publishes an array of local papers, and plans include increased distribution.
Broad Street Media, publisher Philadelphia Weekly, Northeast Times, South Philly Review and nine other publications, was sold to a minority owner. Financial terms were not disclosed.
Richard Donnelly, president of advertising distribution company Donnelly Distribution in Pennsauken, N.J., purchased the company from former CEO Darwin Oordt and others who had operated the company since 2010. Donnelly’s company, which has a 40,000-square-feet facility in Pennsauken, packages advertising inserts for delivery, reaching nearly 900,000 homes every week.
Donnelly announced immediate plans to expand distribution of Philadelphia Weekly to sections beyond the weekly’s traditional Center City territory, including Manayunk, Roxborough, East Falls, Northern Liberties and Fishtown.
He also named veteran Philadelphia newspaperman Don Russell, best known as beer reporter Joe Sixpack and creator of Philly Beer Week from his days with the Daily News, to editor in chief of all of the Cherry Hill, N.J.-based company's publications.
Original source: Philadelphia Business Journal
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