Two Indianapolis-based publications have been acquired by a New York company. The Word and Up Downtown will continue to be headquartered in Indiana and will officially join Gaycation Magazine in April. February 15, 2014
NEW YORK, N.Y. – Gaycation Magazine (www.gaycationmagazine.com) announced today that it has agreed to acquire “The Word” (www.thegayword.com) Newspaper and its sister publication “Up Downtown” from Ted Fleischaker and Word Publications. After almost a quarter century in the founder's “family” both popular papers, are changing hands, but they will still remain in the “family.”
The sale will be completed by April 1st 2015. The Word will remain headquartered in Indianapolis and will continue to be focused on serving the needs of the LGBT community in the region.
The Word is Indiana's only Gay newspaper. Founded in 1991 to serve just Indianapolis, it's now available in over 7 states. Up Downtown covers the downtown area and its motto “If it happens in the Mile Square, you'll read it here!” provides downtown residents with the latest happenings. “I really am proud to have started something such as these two publications which have seen such widespread success,” says Fleischaker.
The acquisition will extend Gaycation Magazine's domestic media platform, particularly in the Midwest, helping to fuel its aggressive growth strategy. The deal will complement both publications by expanding key content vertically while also accelerating the digital evolution of both companies.
Gaycation Magazine publishes 10 issues a year and is focused on the sophisticated LGBT segment of travel.
“The Word and Up Downtown are a perfect fit for our growing portfolio of news and travel media assets and the name and rich heritage of both titles will be preserved independently vastly expanding our overall print and digital platforms and extending our reach across the growing LGBT market.” says DJ Doran, Publisher of Gaycation Magazine.
“The Word enjoys a reputation as one of the most trusted and respected sources for LGBT news and entertainment across 7 states and has a devoted and loyal audience. Its empathetic insight into Midwest Gay news and culture is itself a remarkable resource and we will work hard to retain what Ted has built here in Indianapolis,” says Doran.
“This acquisition will serve to broaden the boundaries of Gaycation Magazine, The Word and Up Downtown, and is another significant step in our strategy to establish a network of print and digital properties in not only the Midwest but also in emerging LGBT growth regions within the US and beyond.”
“We are thrilled to welcome the creative team at The Word to the growing Gaycation family.”
Source: Gaycation Magazine