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Union-Tribune Sold to Private Equity Group Teaming with Black Press, Long-Time Rumored Buyer
One of the things nobody is talking about is that apparently Copley Press is maintaining minority ownership and getting a slice of revenue. Do you have any idea what the percentage might be? Also, the thought crossed my mind that the $15 million (or more) "purchase" price might be for only a 51 percent ownership, and that figure would not be a "fire sale" after all. Your thoughts?— March 19, 2009 1:14 p.m.
KUSI's McKinnon Still Interested in Union-Tribune Purchase, but Industry Turmoil Slows Any Deal
Good point, PaperGirlSD. Michael McKinnon doesn't appear to have the money to buy the paper. Otherwise, why is he trying to round up a bunch of partners. So why are you advancing his agenda?— March 2, 2009 2:46 p.m.
It Looks Like Copley Press Was Spending Money on Acquisitions When It Should Have Been Spending on Technology
Don, I'm wondering why there is this whole level of corporate suits at Copley Press, when David Copley has sold off all the newspapers with the exception of the U-T and the little Borrego Springs paper? Since there is no "chain" left, why hasn't DC saved a fortune by getting rid of his corporate do-nothings?— February 6, 2009 9:32 a.m.