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VPM Media Corp. purchases Style Weekly

VPM Media Corp., the parent company of Richmond-based VPM public television and radio stations, announced Thursday it has acquired Style Weekly, the Richmond publication that was closed down in September by its owner, Alden Global Capital, after nearly 39 years in print.

Financial terms were not disclosed, and a VPM spokesperson said they could not say which former Style employees would return to the publication. According to VPM’s announcement, in coming weeks, VPM will resume publication of arts and culture features and the local events calendar on StyleWeekly.com and its Facebook, Instagram and Twitter accounts while evaluating the future of the print publication.

VPM News Director Elliott Robinson said in a tweet that VPM will contract with two previous Style Weekly employees, and the editorial staff will report to VPM News leadership. At the time of Style’s shutdown, only four staffers were employed, and it had given up its office in Richmond’s Manchester neighborhood.

Steve Humble, VPM’s chief content officer, said Thursday in an interview that the purchase was funded by the Virginia Foundation for Public Media, an endowment started in 2018 with $158.6 million from a 2017 auction sale of the corporation’s spectrum channels, which yielded $181.9 million.

The purchase of Style Weekly from Alden includes all trademarks and digital property, including 37,000 articles and the StyleWeekly.com website, Humble added. VPM is in talks now with past Style employees about working either full-time or as contractors. For the time being, Style will exist on its former website, but VPM will provide marketing, digital and sales support. Over the next six to nine months, Humble added, VPM will examine whether to keep Style relatively independent or “integrate a bit more with VPM,” as well as deciding whether to revive the print version of Style.

Humble said that the reason the public media corporation decided to make the purchase was to boost its own arts and culture coverage. “We can build this from scratch, but it would probably take several years for us to build the kind of following Style has,” he said, noting that VPM is growing its own local coverage, including a Virginia-focused TV news show launching next year.

“This acquisition not only represents a strategic opportunity for VPM, but it is also a chance for nonprofit media to innovate and experiment with new business models that may define the future of local journalism,” VPM President and CEO Jayme Swain said in a statement.

Style posted its own announcement Thursday on Twitter: “With the support of VPM and its talented staff, we’re ready to get back to work. You should start seeing stories roll out on our website and social media channels around mid-December.”

Style was sold in 2018 by Norfolk-based Landmark Communications Inc. to Tribune Publishing Co. (then known as Tronc Inc.), along with The Virginian-Pilot and Inside Business, for $34 million. In May, Tribune Publishing was purchased by hedge fund Alden Global Capital in a $633 million deal. In September, Style’s then-editor-in-chief, Brent Baldwin, announced on Facebook that the Sept. 8 issue of Style, already on stands, would be its last edition. Started in 1982 as a monthly publication, Style later was a free weekly paper covering Richmond beginning in 1984 with its sale to Landmark.

It was known as an alternative to Richmond’s two daily newspapers — the Richmond Times-Dispatch and the now-defunct Richmond News Leader — and focused on the city’s food, arts and entertainment scenes. In subsequent years, Style also developed a strong reputation for photo journalism and hard news stories, as well as the popular “You’re Very Richmond If” and “Best of Richmond” features. The Valentine museum acquired Style’s photograph archives from its founding in 1982 to 2016, and Humble said VPM will likely work with the Richmond history museum on projects.

“For nearly 40 years, Style Weekly has been an integral part of Richmond’s culture,” Humble said in a statement. “In the next six to eight months, we will be taking time to listen to readers as we develop a long-term strategy and determine how Style Weekly can best serve the community.”

VPM Media Corp., formerly known as the Commonwealth Public Broadcasting Corp., had $38.4 million in assets as of June 30, 2020, according to financial statements posted online. It owns television and radio stations affiliated with PBS and NPR across Central Virginia and the Shenandoah Valley.

Editor’s Note: Virginia Business Associate Publisher Lori Collier Waran, Editor Richard Foster, Art Director Joel Smith, Graphic Designer Kira Jenkins and Account Manager Toni McCracken all previously worked at Style Weekly. 

VPM president and CEO elected to PBS board

Jayme Swain, VPM and Virginia Foundation for Public Media president and CEO, was elected to serve a three-year term as a professional director on the Public Broadcasting Service Board, PBS President and CEO Paula Kerger announced Wednesday.

Swain oversees VPM, which is a Richmond-based network of PBS and NPR stations across Central Virginia and the Shenandoah Valley that reaches nearly 2 million people. Swain has led several initiatives, including the expansion of education programming with a focus on children in underserved communities and an increase in digital storytelling and distribution across the web, social media and podcasting.

As leader of the Virginia Foundation for Public Media, she manages the stewardship and advancement of an endowment to support VPM’s mission.

Before she joined VPM in January 2019, Swain was the senior vice president of strategy and operations at Arlington-based PBS, where she advised the CEO and chief operating officer, led strategic planning and managed organization-wide projects. Swain is a graduate of the University of Virginia.

Swain serves on the board of the Richmond Performing Arts Alliance. She is co-chair of the Organization of State Broadcasting Executives.

The 27-person PBS Board includes professional directors, who are station leaders, and general directors, who serve as lay members of the board, as well as Kerger, the PBS president. PBS member stations elect the professional directors.

VPM hires news director

VPM, Central Virginia’s NPR and PBS public broadcasting affiliate, has hired former Charlottesville Tomorrow News Editor Elliott Robinson as news director.

“We are thrilled that Elliott will be leading VPM News,” VPM President and CEO Jayme Swain said in a statement. “With his impressive background in local news, extensive knowledge of the issues that matter to diverse communities across Virginia and experience in digital, Elliott is uniquely positioned to help strengthen VPM News across platforms.”

Robinson is a Hampton native. He started his career at The Progress-Index in Petersburg and went on to hold leadership roles at The Hopewell News, The Daily Progress and Charlottesville Tomorrow, a nonprofit public service journalism website. He helped launch the Charlottesville Inclusive Media project, a partnership aimed at created to bring more inclusive representation to Charlottesville-area media.

Robinson is a member of the National Association of Black Journalists, a life member of the NAACP and a board member of the Virginia Pro Chapter of the Society of Professional Journalists.

Based in Richmond, VPM (short for VPM Media Corp.) reaches nearly 2 million people across Central Virginia and the Shenandoah Valley. It operates the VPM News public radio station at WCVE 88.9 FM and public television stations WCVE -TV and WCVW in Richmond and WHTJ in Charlottesville, airing VPM PBS, VPM Plus, VPM PBS KIDS, lifestyle channel VPM Create and international program channel VPM WORLD.