The San Francisco Bay Guardian announced today that it expects to be officially purchased by the owners of the San Francisco Examiner next month. "Both parties are optimistic that a final contract will be signed shortly, most likely in May," the Guardian said on its website.
According to the Bay Guardian, Todd Vogt, president and publisher of the Examiner, said he was proud to be able to help a community institution continue with its mission. “Bruce [Brugmann] and Jean [Dibble] have created a legendary publication, and we are happy to be able to give it a new home and the chance to continue its mission," Vogt said. He added that the two papers will remain separate and distinct in most ways, although “the potential synergies will be beneficial to readers and advertisers.”
The Guardian also announced that longtime editor and publisher Brugmann and his wife Dibble are resigning from the paper and that Executive Editor Tim Redmond is also taking on the role of publisher.
The Guardian also has struck a deal to sell its building for $6.5 million, the San Francisco Business Times reports.