Thursday, August 13, 2009

In Union-Tribune There Is No Strength

SAN DIEGO, CA - MARCH 18:  A copy of the San D...Image by Getty Images via Daylife

Three months after new owner Platinum Equity lopped 192 positions off the newspaper's payroll, The San Diego Union-Tribune has announced that the daily will further reduce its staff by 112.

The newspaper is promoting its coverage of local community news and prodding small businesses to advertise at reduced rates through a "micro-zoning" inititative. The Platinum Equity investment firm is one of three prospective purchasers of The Boston Globe that submitted bids to Globe parent The New York Times Co.

At its current pace, the Union-Tribune may soon have the same number of players as the San Diego Padres and would likely be as inept.
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1 comment:

  1. If Platinum Equity buys the Boston Globe, will that make them a white knight, a greenmailer or a black spot on newspaper journalism?