http://www.dnjournal.com/archive/lowdown/2010/dai…
...according to Burgess, this is what happened Friday: "Jim Fitzpatrick who just bought San Diego Magazine back from CurtCo and Randy Frisch, former CFO of the San Diego Union-Tribune, both showed up, but Robert DeuPree, the investor holding the notes used to foreclose, met them in the lobby and told them they had to have a check ready to fill out and that the bidding started at $3 million, which is about $50,000 less than the combined notes he held. Neither had the ready check, so both bidders left. Deupree then presented the foreclosure notices to James, the manager of the LLC (that held SanDiego.com), and took possession of the assets and asked us all to leave." — May 12, 2010 9:50 a.m.
SanDiego.com to Be Auctioned May 7
http://www.dnjournal.com/archive/lowdown/2010/dai… ...according to Burgess, this is what happened Friday: "Jim Fitzpatrick who just bought San Diego Magazine back from CurtCo and Randy Frisch, former CFO of the San Diego Union-Tribune, both showed up, but Robert DeuPree, the investor holding the notes used to foreclose, met them in the lobby and told them they had to have a check ready to fill out and that the bidding started at $3 million, which is about $50,000 less than the combined notes he held. Neither had the ready check, so both bidders left. Deupree then presented the foreclosure notices to James, the manager of the LLC (that held SanDiego.com), and took possession of the assets and asked us all to leave."— May 12, 2010 9:50 a.m.
SanDiego.com to Be Auctioned May 7
Heard it went for 3 million, but I didn't hear who the buyer was.— May 10, 2010 12:57 p.m.