UPDATE: I have been placed on “administrative leave” for the Facebook issue. Won’t know if it’s paid/unpaid until investigation is over. — Barrett Tryon (@BarrettTryon) June 14, 2012He tells the Colorado Springs Independent that he was placed on leave after he said he planned to bring his lawyer to an HR meeting. (more...)
Freedom and MediaNews had been in advanced discussions for months on a tie-up that would bolster the Denver Post owner's standing as the second-largest U.S. newspaper conglomerate behind USA Today publisher Gannett Co. in terms of total circulation.
Freedom has given suitors several options for bidding on the chain. Possible buyers can make offers for the entire company, or they can separately bid on Freedom's eight television stations, its more than 100 daily and weekly newspapers or the flagship Register alone.
Private-equity firm Platinum Equity and newspaper publisher Tribune Co. could have strategic interest in the Register, said people familiar with the sales process. Platinum owns the San Diego Union-Tribune and Tribune owns the Los Angeles Times, papers both near the Register's market. But such tie-ups could draw regulators' attention given the overlapping markets.