Last month, the hapless investment firm that had purchased the San Diego Union-Tribune in 2009, thinking its value would appreciate (ha), found a sucker buyer: San Diego businessman Doug Manchester, who reportedly paid more than $110 million.
In your grim Thursday media column: Pigs nab Gessen, newspaper layoffs, newspapers sales, overall newspaper desperation, the real issues in OWS coverage, and Fleshbot could be yours!
Whatttttttt...a private equity firm has voluntarily purchased a newspaper—presumably in exchange for money! The San Diego Union-Tribune is now owned by a firm that vows to make it "thrive" once more. Sounds fun!
