This story has been updated.
Both LEO Weekly and Blue Equity Publishing had separate staff meetings at 10 a.m. today at which it was announced that Blue Equity Publishing was selling its assets to Lifestyle Media, the publishing company of LEO. Those assets include The Voice-Tribune, The Voice of Louisville and Modern Louisville.
In 2014, Aaron Yarmuth, son of Congressman and LEO founder John Yarmuth, bought LEO from SouthComm, which owned the alt-weekly and the monthly luxury lifestyle, philanthropy, art and fashion magazine NFocus. Last month, SouthComm abruptly shuttered NFocus magazine.
The Voice-Tribune has been publishing since 1949 and covers the charitable, social and cultural spheres of influence in Louisville.
It has been suggested that there will be downsizing at the former Blue Equity Publishing properties.
“The Voice-Tribune has been a prestigious brand and media property for many years and it has been a privilege to be a part of its legacy,” said Jonathan S. Blue, chairman and managing director of Blue Equity, LLC in a news release. “We are delighted to be transitioning the business to another local publishing company that has a tradition of quality coverage and loyal readership.”
In a joint statement, Lifestyle Media co-founders, Aaron Yarmuth and Weston Marcum declared, “We are extremely proud to keep such fine publications locally owned and operated. We plan to maintain the core identity of each of these magazines and are committed to expanding and developing original and unique content for all of our audiences.”
UPDATE (2:08 p.m.): Sources say that around half of the staff of Blue Equity Publishing has been cut.
We will continue to update this story.