Chesapeake Bay Media has acquired Bay Weekly Newspaper. Terms were not disclosed.
According to a statement, the 26-year-old Bay Weekly said in September it would close unless it found a new owner. Annapolis-based Chesapeake Bay Media LLC, which publishes Chesapeake Bay Magazine and several specialty destination, travel, and maritime publications, agreed to purchase the weekly.
“This newspaper strengthens our media platform,” said John Martino, CEO of Chesapeake Bay Media in the statement. “We’ve spent the last 5 ½ years, the entire time we’ve owned this company, creating and refining media products that connect people with the region around them. We were thrilled when our Facebook reach hit 2.2 million people in one month this fall, and now we’ve added another channel that reaches thousands more at the local level.”
Bay Weekly is read by more than 60,000 people in Anne Arundel and Calvert Counties, according to the statement. The paper will continue with the same mission and existing staff.
“We think local news is the most sought-after in the media landscape, and Bay Weekly has set a good example how to maintain connections with the towns they serve,” said Chesapeake Bay Magazine Publisher John Stefancik. “We’ve watched Bay Weekly for years, admiring both their steady advertising business and commitment to their community.”