Home > Political Insider > Archives > 2009 > February > 10 > Entry

Southern Voice in receivership

Scott Henry of Creative Loafing has pointed one and all to a report from New York that the Southern Voice, an Atlanta weekly aimed at gays and lesbians, is in serious trouble:

The investment fund that owns the Washington Blade, the Southern Voice, Genre magazine, and other gay publications has been forced into receivership by the federal Small Business Administration (SBA), which will sell the fund’s assets and distribute the proceeds to investors.

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Comments

By Drew

February 10, 2009 2:47 PM | Link to this

Here’s your newsflash: ALL newspapers are in trouble.

By Don't Worry

February 10, 2009 2:55 PM | Link to this

Obama will save them.

By Mike

February 10, 2009 2:56 PM | Link to this

How do newspapers expect to survive when they give it away FREE online?

Duh.

By Grace

February 10, 2009 3:16 PM | Link to this

The paper began its decline when founder Chris Cash sold it. The paper lost its appeal and political importance. No one I know has made a point to pick one up SoVo in the longest time.

By Shane

February 10, 2009 3:37 PM | Link to this

Exactly . All newspapers are in trouble because people use a little thing called the internet. Ever heard of it?

Idiots like Bill Orielly will use this to smear NY Times etc. but he will leave out the fact all papers are doing lously because of the net.

By Rich

February 10, 2009 4:02 PM | Link to this

I love Gay people!

By Goldfish

February 10, 2009 4:04 PM | Link to this

Free publications, in print or online, make their money is sales ads not in subscriptions.

By John

February 10, 2009 4:04 PM | Link to this

If it wasn’t for paying newspaper subscribers, there would be little if any news content on the Internet. If newspapers ever die, who will pay the reporters to gather and write the stuff you read on the Internet? The $300 a year I pay to subscribe to print editions of two daily newspapers is a small price to pay for everything on the Internet. All newspapers and news services should go to a fee for service for Internet readers.

By small business owner

February 10, 2009 4:31 PM | Link to this

Maybe part of the problem is that they took out a loan with the SBA - all the hype makes it sound wonderful, but the restrictions and hooks on a SBA loan make them beastily expensive - we ran like heck when we read the fine print….

By Joseph

February 10, 2009 4:35 PM | Link to this

I guarantee you that if newspapers die someone will find a business model that works and step in to fill the perceived need.

By Sowega

February 10, 2009 4:49 PM | Link to this

“forced into receivership” huh-huh. huh-huh.

Sorry, couldn’t help it.

Anyway, I hate hearing of any publication going broke. Print media of the type most subject to going out of business have been amongst the few outlets to take true, uncompromising, reason stands on real issues.

By Mo Green

February 10, 2009 5:37 PM | Link to this

HOPEFULLY, THE AJC IS NEXT !

By Mo Green

February 10, 2009 5:48 PM | Link to this

HOPEFULLY, THE AJC IS NEXT !!!

By Mo Green

February 10, 2009 5:50 PM | Link to this

HOPEFULLY, THE AJC IS NEXT !!!

By Steve in Buford

February 10, 2009 5:55 PM | Link to this

Who cares? Nothing of any consequence was written in this paper anyhow… less paper floating around in the gutters… and heh! save a few trees! Now that is making a contribution, wouldn’t you say?

By James

February 10, 2009 5:55 PM | Link to this

Southern Voice in receivership. Now THERE’S an oxymoron for ya. A gay newspaper in ‘receivership’. LOL.

By Michael

February 10, 2009 6:07 PM | Link to this

The best thing about the media is the time and effort they spend on Open Records and Freedom of Information requests. Then they print it for all of us to see. Small niche papers also are great at investigative stories that bigger media either misses or doesn’t care about. I believe it was some fish wrapper paper in Winder that took down the district attorney (Tim Madison) in the Piedmont Circuit a few years back — he’s now in prison..

By Dr. R

February 10, 2009 9:47 PM | Link to this

Every mouth-breathing moron out there ready to dance on the graves of newspapers will rue the day if and when it happens. You think crooked politicians are robbing you blind now? Wait until there’s no one around to shine the light on their evil deeds. Don’t count on the bloggers to do it. They’re too busy lining up their Star Wars action figures in mom’s basement to get out and actually do any reporting. They’d rather just opine off the top of their greasy little heads. Research, facts and logic just get in the way of a good post. So yeah, celebrate the loss of newspapers, clowns. The downfall of democracy will be right behind them.

By Misha

February 11, 2009 1:49 PM | Link to this

Since the gay papers are the key source of Avalon’s losses over the last several years, any possible outcome of this situation includes the papers being sold just to get rid of the bad debt. So if Avalon can’t keep them afloat with 10s of millions sunk into them, what possible buyer would have a hope to do so, or would even want to take the risk and try?

By MIsha

February 11, 2009 1:53 PM | Link to this

Since the gay papers are the key source of Avalon’s losses over the last several years, any possible outcome of this situation includes the papers being sold just to get rid of the bad debt. So if Avalon can’t keep them afloat with 10s of millions sunk into them, what possible buyer would have a hope to do so, or would even want to take the risk and try?

By MIsha

February 11, 2009 1:54 PM | Link to this

Since the gay papers are the key source of Avalon’s losses over the last several years, any possible outcome of this situation includes the papers being sold just to get rid of the bad debt. So if Avalon can’t keep them afloat with 10s of millions sunk into them, what possible buyer would have a hope to do so, or would even want to take the risk and try?

By MIsha

February 11, 2009 1:54 PM | Link to this

Since the gay papers are the key source of Avalon’s losses over the last several years, any possible outcome of this situation includes the papers being sold just to get rid of the bad debt. So if Avalon can’t keep them afloat with 10s of millions sunk into them, what possible buyer would have a hope to do so, or would even want to take the risk and try?

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