Business Lexington editor Tom Martin was laid off Tuesday as part of a "strategy change" at the weekly newspaper, co-publisher Chuck Creacy said.
"It was an amicable departure, as good as can be expected," Creacy said Tuesday.
Martin, 63, said he couldn't say much about the matter because of a confidentiality agreement. He did say, "Macroeconomics finally came to visit a small independent publication, and it just became difficult to sustain under those conditions. I am deeply sorry I am not going to be able to continue in this role because I absolutely, since coming back from New York in 1995, have fallen in love with this town, and I never intend to leave it again."
Creacy said Martin was let go because he didn't fit into new plans for Business Lexington.
"We're doing great," Creacy said Tuesday morning. "We just need to adapt what we're doing.
"I'm not able to talk about the details or our plans or what's next, but I will, when we're ready. It's something we've been working on."
Creacy said the changes are specific to the business newspaper, and he does not expect other personnel changes at its parent company, Smiley Pete Publishing group, which also produces the Chevy Chaser, The Southsider and the entertainment website Tadoo.com. Creacy and Chris Eddie are co-owners and co-publishers at the company.
Martin was well known in Lexington-area radio in 2005, when he became editor-in-chief of Business Lexington. He also is an active area musician, playing keyboards for The City and The Patrick McNeese Band and leading the Lexington Area Music Alliance. He said that in the short term, he will focus on musical endeavors.
"The Lexington Area Music Alliance has four or five initiatives I'm extremely excited about, and this will allow me to pay more attention to them," Martin said.
Martin also is active in upcoming Best of Bluegrass Festival, the first week in June. The festival is based at the Kentucky Horse Park and is expanding its reach into downtown Lexington this year.
"Whatever I do next, it has to feel worthwhile," Martin said. "I don't want to just go to work for the sake of bringing home a check."