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News Going Private? Forget About It.

Posted on January 24th, 2008 10:51am by Wick Allison
Filed under Business, Media

For a couple of months I’ve been touting the idea that the Belo split would allow Robert Decherd to take the News private, a possibility that excited me. Ain’t gonna happen. With this news about the Philadelphia Inquirer and Mpls. Star Tribune possibly defaulting on their loans, no lender would touch it, or if they would, the price would be so high the News couldn’t afford it.

4 Comments to “News Going Private? Forget About It.”

DM @ January 24th, 2008 at 11:23 am

and yet, Mark Cuban says the internet is dead and he wants to buy newspapers. I wonder, if perhaps, he hit his head while he was ‘Dancing with the Stars’?
dave little @ January 24th, 2008 at 11:36 am

that was marie osmond, who mark does resemble. in several ways.
Incognizant @ January 24th, 2008 at 12:28 pm

Cuban doesn’t want to buy newspapers: as with the Chicago Cubs, Mark just wants ***** press types to THINK that he could be seriously buying into media.

(Which, of course, generates more media attention for Cuban.)
John Bacon @ January 24th, 2008 at 5:01 pm

Wait until the papers default, then buy. Wick, you take The DMN. I’ll take The Star Telegram. Then we can merge the papers and deliver a better product for both readers and advertisers alike.