Only about a fourth of the 10,000 copies printed were actually sold. The first Village Voice, 12 pages long, hit the streets on October 26, 1955, selling for five cents at various locations in Lower Manhattan. After a small number of staffers were hired and ramshackle office space was rented, work on a debut issue began. Wolf, Fancher, and Mailer each were considered 30 percent owners, with Mailer's lawyer receiving a ten percent stake in exchange for drawing up the corporate papers. Author Norman Mailer, a friend of Wolf's, completed the trio by matching Fancher's $5,000 to help fund the startup. Ed Fancher was a practicing psychologist who had earlier written for his college newspaper. Dan Wolf had worked as a freelance writer of encyclopedia articles and had also done some editing. Long a haven for artists, writers, and other bohemian types, Greenwich Village was also home to three World War II veterans who got together to start a news weekly that would speak to the values of the Village's residents. The company's origins date to 1955, the year that the Village Voice was founded in New York City's Greenwich Village. Village Voice Media is headed by former Stern President and Voice publisher David Schneiderman. Weiss, Peck & Greer also owns the 68-paper Lionheart Newspapers chain and Regent Communications, which operates 29 radio stations. Funds for the buyout came from investment firm Weiss, Peck & Greer and members of Stern management. Village Voice Media was formed in January 2000 to buy out Stern Publishing, which had owned the Voice since 1985 and had purchased all but one of the other papers in the late 1990s. Paul, Cleveland, Nashville, and Orange County, California. Named after its flagship, New York City's Village Voice, the company also publishes similar papers in Los Angeles, Seattle, St. operates seven weekly 'alternative' newspapers in large U.S.
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