Friday, March 20, 2009

San Diego deal pales next to Peoria price

The San Diego Union-Tribune probably sold for a fraction of the price fetched just two years ago by a group of papers its parent company peddled in places like Peoria.When the sale of the Union-Tribune was announced this week, owner Copley Press did not disclose the terms offered by the buyer, Platinum Equities, a private-equity firm in Beverly Hills that specializes in distressed

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