Prop 8 Backer Douglas Manchester to Buy the San Diego Union-Tribune
Wow, we pretty much called it. Early last week, real estate developer and Prop 8 backer Douglas Manchester told the press it was a distant possibility he would purchase the San Diego Union-Tribune. We said that meant he’d have a deal wrapped up by the end of the week. We were about five days off.
The Union-Tribune reports today that its current owner Platinum Equity has agreed to sell the 143-year-old paper to Manchester. The terms of the deal have yet to be released, but the paperwork is expected to go through on December 15.
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