Wednesday, March 18, 2009

San Diego Union Tribune Sold (finally)

The San Diego Union Tribune, which has been on the market for sale since July 2008, finally has a new owner. Platinum Equity has bought the paper from Copley Press Inc. for an undisclosed amount. According to the San Diego Daily Transcript (whose publisher is a CMC alum): "Platinum specializes in acquiring businesses facing complex operational challenges in declining or transitioning markets. The Platinum team includes David H. Black, an experienced newspaper owner and operator whose holdings include more than 150 newspapers and Web sites in the United States and Canada." Hopefully the new owners will be able to restore the paper back to what I remember it to be as a kid.

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