An Englewood-based media company has purchased two free monthly neighborhood newspapers in Denver that have been around for four decades.
Colorado Community Media introduced itself as the new owner of the Washington Park Profile and Life on Capitol Hill in both publications’ June editions.
CCM purchased the titles from Denver Metro Media, led by Jill and Jay Farschman. Terms of the deal were not disclosed.
CCM already owns 18 weekly print publications in the Denver metro area, including the Westminster Window, Golden Transcript, Littleton Independent and Douglas County News Press. Some of the papers are delivered for free to residents; others have a paid subscriber base.
The company is owned by husband-and-wife team Jerry and Ann Macari Healey. Jerry Healey said he purchased the publications over the last six years, after having temporarily owned several of them in the 1990s.
In a column published in both newspapers this month, Healey wrote: “You can expect some changes – for one, we will be stapling and trimming the newspaper to give it more of a newsmagazine feel. But we will also keep the long-standing traditional focus on neighborhoods and community.”
In an interview, Healey said he thinks CCM’s “resources and our editing will improve the quality of the content.” The company has 36 full-time employees.
The Farschmans purchased the Washington Park Profile in early 2015 from Paul Kashmann, now a member of Denver City Council.
In June 2016, the Farschmans added Life on Capitol Hill and Neighborhood Life, a publication that covered an area generally ranging from the southwest corner of City Park up into RiNo. Neighborhood Life was consolidated into Life on Capitol Hill last year.
Jill Farschman said she approached Healey about the deal, which closed May 25. She said she’s known Healey for years – she is on the board of the Colorado Press Association and he is on the board of the related Colorado Network Association.
“We’ve always had coffee and periodic conversations to bounce ideas off one another,” Farschman said.
“It kind of filled a part of their map, a hole they had in central Denver,” she said, adding that CCM “has the economics of scale to be able to do more than I was able to do.”
Farschman said Life on Capitol Hill, founded in 1974, has a circulation of 21,000, about 16,000 of which are delivered for free to homes in the area. The Washington Park Profile, which dates to 1978, has a circulation of 18,500, of which 11,000 are home deliveries.
The two newspapers once shared an office near East Jewell Avenue and South Pearl Street, but Farschman said employees more recently had been working remotely.
The June issues of the two newspapers both feature a reflection by Farschman on public school teachers’ late April rally at the Colorado statehouse, a story on possible changes to Denver Parks & Recreation’s alcohol policy, and briefs regarding local restaurants.
The Washington Park publication – which has 28 pages, a dozen more than its Cap Hill counterpart – also profiles a teen percussionist and covers the history of Overland Park.
In December the North Denver Tribune, another community newspaper, closed after 80 years, when its publisher said it was unable to cover expenses.
Farschman said the two acquired publications have been profitable, and that she increased the circulation of the Profile by 2,000. She said one of her successes was reinstating home deliveries of the Profile, which the previous owner had discontinued.
“I’m proud of our journalistic integrity,” she said. “I’m proud of our advertiser retention and satisfaction, and I’m proud of our continuing to foster a loyal readership.”