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Prospective Buyers Line Up For San Diego U-T; But Just Looking For Now, Thanks

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About four buyers are taking a serious look at The San Diego Union-Tribune, which put itself up for sale two months ago. Voice of San Diego identifies the prospective suitors: New York Times Company (NYSE: NYT), MediaNews Group, Tribune Company and Canadian newspaper publisher Black Press.

SEE ALSO: San Diego Union-Tribune Puts Itself Up For Sale; Real Estate Weakness Hits It

But with the daily’s estimated value range of $200 million to $300 million—which VoSD attributes to Outsell’s Ken Doctor—it’s an open question whether any of those companies are prepared to pay that sort of price for a newspaper right now. And is the U-T, which is owned by privately-held Copley Press, actually worth that much? VoSD notes that circ has been slipping and the U-T has lost a lot of talent—two things that have been afflicting just about every newspaper to one degree or another.

Still, the U-T, the nation’s 21st largest newspaper, does have some selling points. The paper claims that circ exceeds 300,000 on weekdays and 350,000 on Sundays, while its website, SignOnSanDiego, draws more than 3 million uniques per month.

Oct 9, 2008 3:53 PM ET

Posted In: Media & Publishing, Newspapers, Money, M&A & Venture Capital, Mergers & Acquisitions, san diego union-tribune

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