San Marino Tribune President and Beverly Hills Courier Publisher Clif Smith and leading Beverly Hills philanthropist Paula Kent Meehan announced they reached a recent agreement to sell The Courier to a company wholly-owned by Meehan. Terms of the sale were not disclosed. The sale is not final until the transaction closes, which is expected to happen within 30 days.
Smith, who will continue as president and publisher of the San Marino Tribune, said, “Paula is a dear friend of my wife, Candace, and me. She is a great friend of The Courier and the entire community of Beverly Hills. I cannot think of a more caring and conscientious owner.” Meehan said, “I’ve followed The Courier for years and am proud to become its owner.”
Meehan, who is one of the major donors to The Wallis Annenberg Cultural Center and many charities, is expected to name current Associate Publisher Marcia Wilson Hobbs as publisher to succeed Smith. Both Meehan and Smith said they do not anticipate any significant changes to The Courier under new ownership.
The Beverly Hills Courier is widely recognized as one of the most influential weekly community newspapers in the United States. It currently enjoys all-time high readership in its communities of Beverly Hills, Bel Air, Holmby Hills, Westwood, Century City, Trousdale, Brentwood and Palm Desert.
Under Smith’s leadership, The Courier has developed an impressive digital presence with over 43,000 registered on-line readers in addition to its approximately 100,000 regular print readers. Its website, www.bhcourier.com, now enjoys over 300,000 unique visitors and over 6 million pages views per month from over 40 countries. Its newest digital product, www.siliconbeachclearly.com, now has over 45,000 registered email users and generates over 150,000 “click throughs” per month.
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