Today’s news:

Queens Tribune sold to investment group

U.S. Rep. Gary Ackerman
TimesLedger Newspapers

Right before U.S. Rep. Gary Ackerman (D-Bayside) became a private citizen, the boroughwide newspaper he started in 1970 was sold.

Ackerman’s Queen Tribune, along with the 175-year-old Long-Islander and their sister papers owned by Tribco, were acquired on New Year’s Day by PFH Media Group NY, the newspaper said Friday. Control of the publications will now be in the hands of Brandy Williams, chairman of Washington D.C.’s Phoenix Financial Holdings, an investment group.

“I believe that exciting days are ahead for our new publications, and we look forward to building on their historic, journalistic foundations and growing them in the vital communities in which they serve,” Williams said.

The price of the deal was not released.

Michael Schenkler, the president of Tribco, who has guided the Tribune since 1978, made the announcement to the company Wednesday and will remain on board as a consultant for Phoenix Media. Phoenix will also retain the current staff at both the Queens and Long Island offices.

Ackerman, who founded and had a major stake in the Tribune, completed his more than 30-year career as a member of Congress Jan. 2 and was succeeded by U.S. Rep. Grace Meng (D-Flushing) after she was sworn in Thursday.

Other papers involved in the deal included The Record of Northport, L.I., the Half Hollow Hills Newspaper, and the Press of Southeast Queens along with some legal publications.

Reach reporter Phil Corso by e-mail at pcorso@cnglocal.com or by phone at 718-260-4573.

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Reader Feedback

Lou from Bayside says:
Maybe Ackerman can work at Times Ledger booking ads for massage parlors and prostitutes!
Jan. 5, 2013, 7:03 am
John Doe from Queens says:
Good luck with these people, they will promise you the world and return take from your 401, never put in but is says on are check, insurance and additional policies never paid. Order all this new equipment and never paid,promised a company vacation and yes that never happened. Took a 76 year all newspaper and it took them 6 months to run it in the ground and finally closed the doors. Watch your checks also they are made of rubber and bouncing was no problem. Beware!
Thanks Brandy Williams and Wanda Knight!
Jan. 14, 2013, 7:42 pm
Jane from Lake County IL says:
Anonymous said...
this people are some scam artist. you need to watch them closely. they are out to make their pockets fat and leave you behind with no way to get money not even through unemployment. They completely destroyed the paper in Antioch Illinois. They stole money, bounced checks.so many lies you will here from them. then in the middle of the night just up and leave with no explanation. BE AWARE!!!!
Be ware of Phoenix Financial Holdings
Brandy Williams and his crew
Jan. 14, 2013, 7:45 pm

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