"Contrary to popular belief, newspapers aren't dying. Newspapers are making tons of money."
-- MARK CUBAN
The Tycoons Are Rushing to Make a Deal
When the Tribune Co., owner of the Chicago Tribune and the Los Angeles Times, went on the block, it was another response to stockholders' insatiable demand for rising returns, even for papers with loyal readership and steady ad support. But now that a bevy of bigwig buyers are itching to own prestigious dailies, newspapers in key markets may benefit from a return to private ownership. Why would baron bidders like Hank Greenberg, Jack Welch and David Geffen--who...
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