Courtney Lamdin | Seven Days | January 6, 2020
Thirteen longtime Seven Days employees are now 1 percent owners of the Burlington-based media company.
The newspaper’s founders, Paula Routly and Pamela Polston, publicly announced the transition on Monday. The development is part of Seven Days‘ succession plan, which began in 2009 when three veteran staffers — Cathy Resmer, Don Eggert and Colby Roberts — were named junior partners. Routly and Polston founded the paper in 1995.
The 13 workers’ 1 percent holdings, combined with the three minority owners’ 12 percent, represent a 49 percent ownership stake in Seven Days, a company press release said.