Complex sentence: It was founded by Greg Lowenhagen while he was an employee at the Independent Weekly, a locally owned alternative weekly newspaper and media company, and is now owned by Hopscotch Music, LLC, a partnership between Lowenhagen and Carolina Independent Publications.
Split into simpler sentences: It was founded by Greg Lowenhagen while he was an employee at the Independent Weekly, a locally owned alternative weekly newspaper and media company. It is now owned by Hopscotch Music, LLC, a partnership between Lowenhagen and Carolina Independent Publications.