Wednesday, March 14, 2012

Galatia's Money Stretcher weekly shopper pub loses lease; temporary and permanent locations announced

The Money Stretcher has lost its lease at its current location on North Main Cross Street in Galatia and will temporarily relocate, effective Monday. The staff will move to a permanent location in Galatia in early May.

“We received notice several weeks ago we had to vacate,” said Stephanie Witt, general manager (shown at right). “It was unexpected. Our last day in our current location is Sunday, March 18.

"We wanted to stay in the Galatia area and there were limited options in terms of available commercial real estate. We finalized a deal last week that will keep our sales, composing and business staff in Galatia, but requires us to move the inserting operation to our sister newspaper in Harrisburg.”

As of Monday, several staff members will be temporarily located at 402B E. Main St. in Galatia, home of Alecci Construction. Office staff will then move in early May next door to the permanent location at 400 E. Main Street, after New Directions Hair Design leaves that location.

Throughout the transition and in the new location, t
he Money Stretcher’s office hours (8:30 a.m.-5 p.m Mon.-Thurs. and 8:30 a.m. - 2 p.m. Friday), phone number (618-268-6291), and mailing address (P.O. Box 99, Galatia, IL 62935) will all remain the same.

“The move will not impact our customers in any way,” according to Witt. “It is still the same great publication valued by our readers and advertisers. We still have the same strong distribution. We are still conveniently located in Galatia. It is still the same company that has been publishing the Money Stretcher for years.”

The Money Stretcher’s roots date back to 1977 when the publication was incorporated by James and Jeanette Bond. They sold it 10 years later to American Publishing; it is owned today by GateHouse Media, which operates 431 community publications and more than 405 related websites, as well as six yellow page directories. The Money Stretcher is mail delivered; currently 27,486 are distributed each week.

The Bonds announced their retirement from publishing in January and Witt was named general manager in February. Witt has nearly 20 years of sales and management experience, much of it in media sales including shopper publications and independent telephone directories.

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