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Yosemite morning

Monday, November 21, 2011

New owners at the U-T.


The San Diego Union Tribune has just been sold by Platinum Equity, a group founded by billionaire Tom Gores, to local developer Doug Manchester and media executive John Lynch, purportedly for over 100 million dollars.  They are expected to be a voice for giving the Chargers whatever they demand to stay in town and a vigorous advocate for local development and business concerns.

They also both happen to be catholics. Manchester was a big supporter of the Yes on 8 anti gay marriage campaign. I would expect the already conservative paper's editorial voice to become even farther slanted to the right on social policy. It is their money, I guess they can do what they want. Platinum has to be commended for really turning the paper around. Will be interesting to see what changes with the local fishwrap. I still miss John Sinor's column.

2 comments:

Anonymous said...

Per usual......great .....Joe Louis and Sugar Ray Robinson toured army camps together during WW 2....imagine if they went over seas to fight the war would have ended a lot sooner.......Hillsborough was a great champion race horse....as for taxes the fox will never peacefully give up the hen house......thus there are revolutions......Americans are politically inert and revel in the "narcissism of voting".....when you see an Standard Oil truck on the way to the polls saying it is your duty to vote ......Repressive Tolerance" triumphs.....they have "us"right where they want "us to be.......did Dionne Warwick sing the Way to San Jose......well any way I never got there and i am now......" pumping gas and parking cars in Fallbrook..........

Anonymous said...

Is Doug Manchester the guy who has the rights to develop the Navy site that will completely obscure the water? And the owner of the downtown hotel that's been boycotted because of the owner's stance on Prop 8? This guy bought the UT? Why even bother to mention the Press in the Constitution if we do nothing to protect it?!

There's a book you might want to find at a library called Paradise Plundered - it's Stanford University Press, but not all that academic - author is Steve Erie and a couple of his grad students from UCSD. Details the "give me everything while I pay for nothing" culture perfected in San Diego on its way to national popularity. Delves into the public financing crisis and pension issue. Plenty of blame to go around, but the bottom line is that of the $2.1 billion deficit (and counting), about $300 million is because of benefit increases to pensioners, $800,000 is "underperformance" of the stock market, and $1 billion is taxpayers underfunding it so they could have more services without paying for them.

J