While I was focused on the sale of our “local” daily newspaper to yet another out-of-town right-winger I overlooked reports that the owner of Velo magazine and VeloNews.com, Competitor Group Inc., has likewise been sold — to another venture-capital outfit, Calera Capital.

As with the sale of the Gazette to Denver billionaire Philip Anschutz, I know nothing about what this may mean for Velo/VeloNews.com’s readers and advertisers. Based on a casual glance at its website, Calera, like Anschutz, appears to have a wide range of financial interests, from banking to forest products to truck stops. Unlike Anschutz, it appears to have had no interest or involvement in media prior to this purchase.

The reports remain unconfirmed by corporate spokescreatures, save for one anonymous insider who told Bicycle Retailer and Industry News that “it’s a done deal. …”

More as (or if) I hear it.