As of today, it appears that the Louisville Eccentric Observer will once again be locally owned. An ownership group, led by Aaron Yarmuth, has signed a letter of intent to purchase the free weekly publication. The letter of intent could lead to a final purchase agreement as soon as two weeks from now.
LEO was founded in 1990 by John Yarmuth (yes, the congressman, and yes, Aaron Yarmuth is his son), Bob Schulman, Dudley Saunders, Mary Caldwell and Denny Crum. The publication has changed hands a few times, most recently owned by Nashville-based company SouthComm, which also publishes NFocus magazine. Today’s announcement did not specifically mention NFocus, but inside sources tell Louisville.com that NFocus will be included as part of the sale.
Aaron Yarmuth told LEO “LEO Weekly has been a part of my life since I was a child, and I am tremendously happy and proud to have the opportunity to help craft the next page in the paper’s life. I am not sure I would recognize Louisville without LEO, and I am committed to maintaining our position as the progressive voice in our community.”