Dean Singleton, head of MediaNews, has been spotted in the hallways of the San Diego Union-Tribune, fueling speculation that he and his partners at Hearst might be interested in buying the newspaper.
The economy such as it is and the mountains of debt such as they are, it might seem an insane time for MediaNews to make a bid. Then again, maybe Singleton will surprise us.
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7 comments:
I think I heard reporter's heads explode in San Diego.
Bet on it.
What a horrible fate for the once-great U-T.
But he's going to save journalism.
A billion in debt, and he wants to buy the UT amid a credit crisis. If true, Singleton is hell-bent on driving his empire off a cliff.
-Singletonphobe
Corporate ownership is not like personal finances or even like the balance sheet of a single company. Debits + credits do not an empire make. It's the ownership share that counts (the financial equivalent of a hard drive partitioned to protect files).
A corporate owner could reduce his debt by adding properties with the right financing, co-owners.
Another Singleton ponzi scheme.
He must have pictures of high executives within Hearst.
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