San Diego philanthropist launches newspaper bid
Associated Press |
Burnham, 86, said he and Manchester exchanged proposed prices and that he believes his offer can be "in the ballpark." He declined to be more specific.
Manchester would remain owner of the U-T San Diego headquarters building and lease offices to the newspaper, Burnham told The Associated Press.
Manchester, also a prominent
"I have always admired and respected all that Malin has done for our community and continues to do," Manchester wrote in a brief statement in response to a list of questions.
News of the bid came as
Freedom said it will focus on markets in
A memo to employees from Kushner and Spitz on Monday night said there will be "staff changes," but it did not give specifics or mention layoffs.
"Pundits and local competitors who have closely followed our entry into
In
"Nobody is predicting there will be less news in the world," Burnham said. "We believe the delivery of news is a long-term prospect."
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