The San Diego Union-Tribune may be on the market soon. According to a recent LA Times article, Platinum Equity, the Beverly Hills equity firm that bought the UT from the Copley family two years ago, has hired a New York investment bank to “evaluate strategic alternatives.” Essentially, they’re putting it up on eBay.
It saddens me to see this happen to the UT. Don’t get me wrong, I’m not a UT fan. But San Diego does need at least one major newspaper. I get that industrywide, ad revenue is way down. I actually chose not to major in Journalism, specifically newspaper layout and design, because even at 17 I knew it was a dying art.