We've never done one of these on CityCaucus.com before, but we thought we'd have a little fun. Trust us when we say that the folks at City Hall won't get off that lightly. Here's the original post...
CityCaucus.com sold to US buyer, Fontaine & Klassen to step down
Vancouver, BC – Management at CityCaucus Media Inc. today announced that 100% of their company equity has been purchased by Denver, CO based Altermedia Enterprises for an undisclosed sum. The deal releases all branding rights for the name "CityCaucus," and releases the domain license "citycaucus.com" to the new owners.
Altermedia spokesperson Karen Ramer explains the decision to buy into the Vancouver market. "As we've been buying local properties across the USA to develop online ad share, it's been Altermedia's goal to get a foothold into Canada." Ramer continues, "During the Olympics we really took notice of CityCaucus.com like everyone else, and felt that it was a good brand that could help to build upon our success in the USA."
As part of the sale agreement CityCaucus.com's founding writers and former owners, Mr. Daniel Fontaine and Mr. Michael Klassen will discontinue in their roles as editors and writers. Both will be subject to a non-compete agreement for 24 months.
"We've put a lot of hours helping to build a loyal following for CityCaucus.com," comments co-editor Daniel Fontaine. "Both Mike and I were very proud of our Where to Be for Free guide, and thought it was a good stepping off point."
"Getting 2.5 million page views during the Games was for us a proof of concept," says co-editor Michael Klassen. "But it really did take a lot out of us and we felt that with some time off with family and friends, we could come back fresh and look at other opportunities. I'm really excited to see where CityCaucus.com goes with some new writers and an updated approach."
Altermedia will incorporate more entertainment product into the revised CityCaucus.com, selected from the company's broad network of young citizen journalists. CityCaucus.com will be re-branded as CityCaucus Altermedia. The site will focus less on political subjects, and provide more free offers and ticket giveaways aimed at younger readers.
Altermedia Enterprises is part of the media division of Sanitarium, the worlds 3rd largest producer of natural health foods. Other Canadian holdings for Sanitarium include Soya World Inc. and Happy Planet Foods.
CityCaucus Media Inc. (est. 2008) is Canada's most popular urban affairs website, a source of news and commentary. Since launching the site has attracted nearly 3.5 million page views, and became the go-to source for information for one of the world's largest events, the 2010 Olympic & Paralympic Games.
Senior Public Affairs Officer