L.A. Times publisher to buy San Diego’s biggest newspaper for $85 million
SAN DIEGO (AP) — San Diego’s dominant newspaper reports that the publisher of the Los Angeles Times has agreed to buy it for $85 million.
U-T San Diego reported Thursday that Tribune Publishing will keep the San Diego newspaper as a separate brand but it would share stories, photos and other content with the Los Angeles Times.
Douglas Manchester, who bought the San Diego newspaper in 2011 for about $110 million, will remain owner of the U-T’s headquarters in the city’s Mission Valley area. He is seeking permission to build 200 luxury apartments there.
U-T San Diego says the deal is expected to be completed before June 30.