This effectively ends Copley's run as a newspaper company. But what does it mean for the Union-Tribune? For one thing, it means the paper isn't going to close down - at least not yet. Officials at Platinum have swaddled the sale in vapid business lingo, which offers little to chew on. For example:
Louis Samson, the Platinum Equity principal leading the Union-Tribune acquisition, called the newspaper “a good fit for Platinum” and its operations-focused approach.The Canadian publishing company Black Press has a stake in the deal. From the Union-Tribune:
The firm said in a statement that its team includes David H. Black, whose company Black Press owns dozens of community newspapers, mostly in western Canada, and has expanded its U.S. presence with acquisitions of the Honolulu Star-Bulletin in 2000 and the Akron (Ohio) Beacon Journal in 2006.Black Press ran into some controversy in 2007 for criticizing the judgment of reporters and editors at the Victoria News after they ran a story that offended a major advertiser.