Quote:
Originally Posted by Hill Country
...or it suggests that they are bailing out of industry in a downward spiral and want to get out before losing even more money.
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It is a $73 million cash AND $12 million stock deal, so they are still somewhat invested in print media with the Tribune Corp. You would think that Doug the Elder might have seen the handwriting on the wall when he bought the SD Union operation less than a decade ago for $110 million. Guess his ego got out in front of his business sense. Ouch!