It was acquired by Village Voice Media, then known as New Times Media, in 1987, when it was a fortnightly newspaper called the Wave. As of 2010 it is edited by Chuck Strouse, a former Miami Herald reporter. The paper has won numerous awards, including a first place in 2008 among weekly papers from the Investigative Reporters and Editors for stories about the Julia Tuttle Causeway sex offender colony. In 2010, the paper garnered international attention when it published a story by Brandon K. Thorp and Penn Bullock which revealed that anti-gay activist George Alan Rekers had hired a male prostitute to accompany him on a trip to Europe.
In September 2012, Village Voice Media executives Scott Tobias, Christine Brennan, and Jeff Mars bought Village Voice Media's papers and associated web properties from its founders and formed Voice Media Group.