Monday, May 11, 2009

San Diego U-T purchase completed

The San Diego Union-Tribune said its acquisition by a Beverly Hills, Calif., private-equity firm has been completed.
Platinum Equity purchased the paper for an undisclosed sum from The Copley Press Inc., which owned The Union-Tribune for more than 80 years.
Platinum named Paul Bridwell, described as a turnaround specialist, as chief restructuring officer. Bridwell, who also held senior executive positions at Platinum, will serve as the newspaper’s senior executive.
Platinum hasn’t publicly disclosed its plans for the paper.

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