Pres Clinton Emerges in Group Bidding for Philadelphia Inquirer

[LiviaOlivia]

President Clinton Emerges in Group Bidding for Philadelphia Inquirer

BY JOSH GERSTEIN - Staff Reporter of the Sun
March 29, 2006
http://www.nysun.com/article/29968

A private investment group whose board of directors includes President Clinton made a bid yesterday to take over a dozen daily newspapers owned by Knight Ridder, including the Philadelphia Inquirer.

Mr. Clinton serves as a senior adviser to the Yucaipa Companies, a Los Angeles-based investment firm that has joined with a journalists' union, the Newspaper Guild, to seek control of the 12 newspapers and gradually transfer ownership to the news outlets' employees.

"The Yucaipa Companies are putting in a bid today for the 12," a spokeswoman for the union, Candice Johnson, said in an interview. She declined to say how much the union-backed group is offering. "We think the bid will be a very strong bid," she said.

The papers on the auction block include both of Philadelphia's leading newspapers, the Inquirer and the Daily News, as well as the St. Paul Pioneer Press and the San Jose Mercury News. Industry analysts have estimated that the dozen newspapers will fetch between $1.4 billion and $2 billion.

~snip~

http://www.nysun.com/article/29968?access=485443

[DoYouEverWonder]

1. I hope somebody buys Knight Ridder

If Clinton is involved that would be a plus.

[otohara]

2. Excellent News - Hope Like Hell

it happens!

[patricia92243]

3. This is exactly what Democrats need to do. Without media, Democrats are

dead. I hope this is just a beginning.

[MasonJar]

4. That is a very good plan, to turn over the newspapers over to

employees. Did I read that correctly?

[bluestateguy]

5. I hope they get it, and in time for 2008

I would trust them to cover the 2008 presidential race, especially if Hillary is the nominee heh, heh, heh!

[JudyM]

6. They ought to buy the Cleveland Plain Dealer... we need Ohio.

Or maybe buy up a mass of red state papers... wouldn't that be a twist.

[DemonFighterLives]

7. Oh Please! I Hope this happens

Dems need to find some outlet.
:dem:

[wisteria]

8. I would be happy to hear this except for Clinton's involvement.

The Clinton's and there power grabs rattle me.

[WhiteTara]

9. well yippy f*cking skipppy

I'm glad I didn't stick my head in the oven today. I'm exhausted with the crushing oppression of the regime.

[LiviaOlivia]

10. Well yippy f-ing skippy yourself

I guess I should be glad you didn't stick your head in your oven. Maybe you should avoid stressful posts like this:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2195904&mesg_id=2195904