Two small weekly newspapers in Pasadena and Altadena were sold Wednesday to a prominent Los Angeles attorney and the owner of the weekly Downtown News.
National Media Inc. sold the Pasadena Weekly and the Altadena Weekly for an undisclosed amount to Riordan & Laris Publications, a partnership of Richard J. Riordan, senior partner in the Riordan & McKinzie law firm, and Susan R. Laris, founder and president of the Downtown News Group. The 3-year-old Pasadena and Altadena papers, primarily distributed free of charge, have a combined circulation of about 50,000.
National Media sold the two papers because "we have a terrific, growing and very exciting market in the Los Angeles area" through the Los Angeles Independent, the rechristened version of 11 weekly newspapers it bought in 1986, said President Stephen C. Laxineta.
Looking for Niche
Laris said the papers will concentrate on local news and will have "the most complete listing of arts and entertainment events in the San Gabriel Valley."