Former Grist CEO acquires The Stranger and The Portland Mercury for expansion plans

Alternative news publications in American cities have faced challenges in recent years, with many closing down. However, there are new developments for two well-known alt-weeklies, The Stranger and The Portland Mercury. Brady Walkinshaw, a former executive of climate news website Grist, has formed a new company called Noisy Creek and has acquired both publications, along with EverOut and Bold Type Tickets, from Index Newspapers. While the financial details were not disclosed, it was revealed that Mr. Walkinshaw is the majority shareholder, with Index retaining a 20 percent stake. The purchase was financed with the support of around 20 individual investors. This acquisition marks a new chapter for The Stranger and The Portland Mercury, signaling a potential resurgence for alternative media in the respective communities.

Challenges Faced by Alternative News Publications

In an ever-evolving media landscape, alternative news publications have encountered increasing difficulties, leading to the closure of many longstanding newspapers.

The Acquisition of The Stranger and The Portland Mercury

Former Grist executive Brady Walkinshaw has established Noisy Creek with the objective of acquiring The Stranger, The Portland Mercury, EverOut, and Bold Type Tickets from Index Newspapers, signifying a significant development for the publications and their future.

Investment and Shareholding

The majority of shares in the new venture are held by Mr. Walkinshaw, with Index Newspapers maintaining a notable stake. The financial backing for this acquisition was made possible through the involvement of approximately 20 individual investors, demonstrating a collective belief in the potential of these publications.