American Business Media Acquires The Winsted Citizen, Saving it from Closure

CEO Vincent Valvo plans to expand the newspaper's online presence, with no layoffs planned.

The Winsted Citizen, a small Connecticut newspaper started by Ralph Nader, has been acquired by American Business Media, saving it from a planned shutdown due to financial woes.
American Business Media CEO Vincent Valvo, who has longstanding ties to Connecticut, made the offer to buy the newspaper after hearing about its potential closure.
Ralph Nader, the consumer advocate and four-time presidential candidate who grew up in Winsted, had invested $15,000 to help start the Citizen, but it soon fell into unmanageable budget deficits.
Andy Thibault, the former editor and publisher of the Citizen, will stay on as a contributing editor and there will be no layoffs at the newspaper.
Valvo plans to expand the newspaper's online and social media presence.