A Seismic SoCal Newspaper Shift
Tribune Publishing strikes a deal for U-T San Diego and nine community weeklies.
As repeatedly tipped by Ken Doctor, the deal has now been confirmed. Tribune Publishing is adding U-T San Diego and nine community newspapers to the fold. The price tag, which does not include the U-T’s Mission Valley real estate, is $85 million, paying Doug Manchester $73 million in cash and $12 million in common stock.
LA Times CEO and publisher Austin Beutner (pictured) will hold those same titles at the U-T end, as part of the newly christened California News Group.
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