The Tribune Company, which owns The Hartford Courant, today announced it is selling The Advocate (Stamford) and Greenwich Time to the Hearst Corp. for $62.4 million. MediaNews Group, Inc. -- which owned The Bristol Press before it sold the paper in 1994 to the Journal Register Co. -- is going to manage the two Connecticut papers under some kind of private joint venture deal.
Hearst the MediaNews already have a similiar arrangement for the Connecticut Post in Bridgeport and The News-Times in Danbury.
The head of MediaNews, Dean Singleton, told the Associated Press he is delighted to add the Stamford and Greenwich papers "to our growing Connecticut cluster."
It's funny being in a business that is struggling financially and so full of shakeups and change.
Though nobody can say what will eventually happen to the rest of the papers in the state as events unfold, it's sure to be a rocky ride.
I just hope somebody keeps paying me to write.
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Copyright 2007. All rights reserved.
Contact Steve Collins at scollins@bristolpress.com
4 comments:
Great more papers with those out of touch with Bristol to tell us who they would vote for!
Interestingly, the sale of the papers did not include the real estate involved. That's to be sold separately. It's probably worth more than the papers!
Steve, you get paid?
Well, not much.
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