Daytona Beach News-Journal owners object to $20M “bargain” sale price
Daytona Beach News-Journal
The News-Journal's parent company opposes selling the paper now to sever ties with Cox Enterprises because the $20 million price tag is too low. It's asked a federal judge to give the economy time to rebound and hold off on approving the pending sale. That judge valued the paper at $272 million in 2006. || Read the objections [PDF].