Toronto's City Bites magazine up for sale

Toronto's City Bites magazine is for sale. The bi-monthly foodie title, which just published its 3rd anniversary issue, distributes 30,000 copies (25,000 through the Globe and Mail, and 5,000 to subscribers ($20 a year) and in various retail outlets). Co-founder Dick Snyder told the blog MyHogtown:

"It's just time to move on and do some new projects. Basically, we got the mag to break even in year two, and have been profitable for the last year. But to really grow it and expand -- which is what our readers cry for -- it needs a lot of serious attention. It needs to be monthly, possibly bigger format, maybe even glossy."

Snyder, who is executive editor at Redwood Custom Communications and has been doing City Bites on his own time, says he's open to staying involved if a buyer wants him to, or just letting it go completely -- either way, he just wants see it grow.