Journalist Sean Car has bought into “CBD News” and will become its sole director in July 2019.
Mr Car, 26, and Shane Scanlan have formed a new company, Hyperlocal News Pty Ltd, to publish CBD News and sister publications Docklands News and Southbank Local News.
60-year-old Mr Scanlan acquired Docklands News from the state government in 2007. On the strength of succcess in Docklands, he established Southbank Local News in 2011 and, in 2014 he started CBD News. Mr Car has edited Southbank Local News since 2014.
Mr Scanlan said: “Sean has excelled in all aspects of the business and has taken Southbank Local News to new levels of quality and commercial success.”
“I have no doubt that CBD News will remain in the best possible hands in the future.”
Mr Scanlan said he hoped to maintain a strong involvement in CBD News beyond July 1, 2019, when he intends to resign as a director.
“I’ve got plenty left to give but am happy to hand over responsibility to a younger person,” he said. “The publications will thrive under the direction of a new generation.”