NEW YORK POST: …The decision comes at a time of rapid change as publicly traded media companies are spinning off their publishing holdings from their TV operations.
“Pure plays are being recognized as companies that have a big future,” said Paton.
The company’s controlling shareholder, hedge fund Alden Global Capital, apparently wants out, while a buyer for the company may be hard to find.
“The pool of buyers for big newspaper companies is getting smaller by the day,” said one well-placed media source… (more)
