American Presidential Politics and foreign affairs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter Dierks who wrote (9667)	12/27/2006 11:27:08 AM
From: Peter Dierks	Read Replies (1) of 71588

McClatchy's Minneapolis Sale Aids Web Efforts By Sarah Ellison Word Count: 775 \| Companies Featured in This Article: McClatchy, Harte-Hanks, Gannett, Tribune One of the biggest believers in the newspaper field sold its largest paper yesterday, as McClatchy Co. agreed to sell the Minneapolis Star Tribune to private-equity firm Avista Capital Partners for $530 million. The price is less than half of what McClatchy paid for the paper in 1998, when it bought the Star Tribune from Cowles Media for $1.2 billion. The value of papers has declined as they face declining readership and a fragmented media environment. "This was not an easy decision to make, but we're still confident about the future," said Gary Pruitt, McClatchy's chief executive, in an interview. ... • THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next