Pacific Publishing Co. Inc. has announced the assets of the Capitol Hill Times have been sold to the Washington Legal Journal.
There are no staff changes or layoffs planned as a result of the sale.
Under the terms of a management agreement, Pacific Publishing Co. will continue to publish the Times and be responsible for all editorial, sales, production and distribution functions.
Buyer of the ‘assets’ is the Washington Legal Journal. The WLJ bills itself as “a leading legal journal providing indispensable foreclosure industry news and information, including full text Trustee Sale Notices, throughout the Puget Sound area.”
It’s not clear what this will mean for the Times though the notice certainly makes it sound like business as usual for the paper. Assets could include anything from computer hardware and offices to intellectual property. Maybe this is just an elaborate way to describe an office furniture sale.
As the entire newspaper industry falls to pieces, Capitol Hill Times has also struggled with balancing expenses and a quickly tilting advertising landscape. It laid off staff back in October including its only Capitol Hill-dedicated editor and shifted from a weekly to a biweekly format