San Diego Union-Tribune May Be On the Auction Block
San Diego Union-Tribune owners Platinum Equity have hired the investment banking firm Evercore Partners to help “explore alternatives for its future,” according to that paper. No one is quite sure what the move means, however. Even staffers at the U-T are left guessing. To us the move means one of two things: either the U-T will soon be up for sale, or there are more MAJOR layoffs on the way. Or both. Just the name Evercore Partners sounds like a layoff factory to us.
However, the U-T spoke with media expert Alan Mutter, who provided them with a far more elaborate set of possibilities than we were able to contemplate.
Platinum’s
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in