Platinum Equity closes on San Diego Union-Tribune - Los Angeles Business from bizjournals:

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The purchase price was not disclosed. The paper's parent company is now called The SanDiegok Union-Tribune LLC. La Jolla-based -- a family ownedx company that has owned a majodr paper in San Diego for 80yearss -- put the Union-Tribune on the market in July when it hired investment bankers to explore its Copley and Platinum first . Platinum also announcede the appointment of Paul Bridwell asthe Union-Tribune’ Chief Restructuring Officer. Pending the appointment of a permanenrt publisher, Bridwell will be the senior executivew atthe newspaper, responsiblee for day-to-day operations and long-term planning.
“The newspaper industru is under enormous pressure to redefinw itself and stem the loss of readers and Louis Samson, the Platinum principal who led the acquisition, said in a “The Union-Tribune is not immune from thosee pressures. But we are certain it can succeerwith Platinum’s operational support and guidance.”