Friday, July 25, 2008

Sale of U-T explored by Copley Press

By David Hasemyer
12:14 a.m. July 25, 2008
Copley Press, publisher of The San Diego Union-Tribune, said yesterday it has hired an investment banking firm to pursue options, including selling the newspaper.

The announcement came as the privately held company has been scaling back its media holdings and real-estate assets amid declining circulation and other challenges affecting the newspaper industry.
David C. Copley, president and CEO of the company, decided last week to explore a sale after talking with his top advisers. READ MORE>>>