FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Pondering a Potential San Diego Union-Tribune Buyer

For many years a reporter with the San Diego Union-Tribune, Don Bauder was recently the messenger of an unconfirmed rumor about the publication’s possible next owner.

He got a no-comment from Platinum Equity, the LA based behemoth that currently signs the checks and which, after massive layoffs, claims its by-the-border daily is profitable. According to Bauder’s San Diego Reader column, the suitor is local hotelier Doug Manchester (pictured):

Manchester as a buyer would be full of ironies. He is not cooperative with the press. His interest would probably be in the real estate end of the deal…

Platinum paid only $50 million for the U-T, and may have paid as little as $35 million. The Mission Valley office alone is assessed at $92 million, and several other buildings went to Platinum in the deal.

Also in the comments to the article, several readers deride the U-T‘s current fuzzy-math claim of one million weekly readers. Bauder himself believes the paper “lost credibility when it began making that claim.”

Mediabistro Course

Middle Grade Novel Writing

Middle Grade Novel WritingStarting January 15, work with a literary agent to write your middle-grade novel! In this course, you'll learn how to develop strong characters, write compelling dialogue, master the art of revision, and market your work to publishing houses and agents. Register now!