Update: U-T San Diego leadership now says it’s not interested in buying LA Times

October 23, 2012
Category: Uncategorized

The Wrap | The Associated Press
U-T San Diego’s leadership now says it “is not interested in entering an auction for the L.A. Times,” company CEO John Lynch told The Wrap’s Alexander C. Kaufman.

“The Times is a great asset, everyone related to the newspaper or media business is rumored to be interested in buying, including William Randolph Hearst and Horace Greely,” he said in an email to TheWrap.

Hearst and Greeley (correct spelling) have been dead for a combined total of about 201 years, so perhaps Lynch was referencing modern-day media baron Rupert Murdoch, who is reportedly interested in the Times, as is new Orange County Register owner Aaron Kushner.

“We certainly are going to look at it,” U-T owner Doug Manchester said of the Times last week. “We are looking at it, yes. I would like to, yes.”

In an interview with the Associated Press’ Elliot Spagat, Lynch said the U-T is “‘significantly profitable’ but declined to be specific about revenue or earnings.” He also acknowledged that the paper would continue to push a pro-business agenda.

Lynch said the new owners bought the newspaper in part to promote their views in editorials. He called those views pro-family, pro-military and pro-America, and said “anybody who isn’t shouldn’t be living here.”

“We think our country is on the edge of real, real danger, and you have to stand up, and that was a huge part of why we bought this,” said Lynch, vice chairman and chief executive officer of U-T San Diego, the newspaper’s new name.


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