December 29, 2006

Strib Sold

The Minneapolis Star Tribune, the newspaper I grew up reading, has been sold to a New York-based private equity partnership. The purchase price, $530 million, is about half what McClatchey paid for the paper in 1998.

No word yet on any layoffs or anything, but I think Sid Hartman might want to think about taking a retirement package.

Posted by Stephen Silver at December 29, 2006 03:24 PM
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