San Diego U-T’s real estate probably helped close the deal
VoiceofSanDiego.org | LAT | NYT
Union-Tribune parent Copley Press owns 13 acres in Mission Valley and a half-acre in La Jolla. A real estate analyst values Copley's two properties at a combined $105 million and says they were likely "a major percentage of the transaction." || John Morton: Platinum probably pounced on the paper because it was cheap, and hopes to sell it at a profit when the economy recovers. || Richard Perez-Pena: A person briefed on the deal called the price "very low." (It was a little more than $15 million, says CityBeat. WSJ puts the sale price at under $50 million.)
> Mutter expects new U-T owner to make even more cuts
> Doctor sees U-T getting smaller, more "local-local focused"
> Edmonds: This isn't an exercise in community-spirited rescue