David Dodd 2:53 a.m., May 21
Officially, Papa Doug DOES Buy NC Times
The North County Times announced this morning (Sept. 11) that its parent, Lee Enterprises, has sold the North County Times to U-T San Diego for $11.95 million. The San Diego Business Journal announced yesterday that the deal was a fait accompli. Then John Lynch, chief executive of the U-T, told the NC Times that no deal had taken place. This morning, Lee and the NC Times announced the deal. Lynch sent an email to U-T staffers that MLIM Holdings, Manchester Lynch Integrated Holdings, an affiliate of the U-T, had made the acquisition. According to the memo that was sent to me, "Papa Doug" Manchester, owner of the U-T, told employees that "we intend to super serve each and every market in which we enter." Lynch told U-T employees that the North County Times is "highly regarded for its prep and youth sports coverage. The UT has recently made a huge commitment to Prep (sic) and youth sports on multiple platforms." The deal is to close Oct. 1 and "No other comments will be made until the closing," wrote Lynch to staffers.