BUSINESS
July 14, 2011 | By Walter Hamilton, Los Angeles Times
The Beverly Hills-based private-equity firm that owns the San Diego Union-Tribune has hired a New York investment bank to explore options for the newspaper, a move often considered a first step for an owner seeking to sell. Platinum Equity, which acquired the paper two years ago from the Copley family, hired Evercore Partners to "evaluate strategic alternatives," said Mark Barnhill, a principal at Platinum. "We manage a large and complex investment portfolio, and routinely consider a range of options that will best position our companies for the future," Barnhill said in a statement.
CALIFORNIA | LOCAL
April 14, 2010 | By Valerie J. Nelson
Roberto de la Madrid, who became the first U.S.-born governor of a Mexican state when he took office in 1977 in Baja California, has died. He was 88. De la Madrid died March 19, officials from Mexico's Institutional Revolutionary Party confirmed. He had cancer and died in Tijuana, according to media reports. Born in 1922 in Calexico to Mexican parents, he was taken across the border to Mexicali soon after his birth. Raised on both sides of the border, De la Madrid counted Jose Lopez Portillo -- then president of Mexico -- as his closest personal friend when the ruling Institutional Revolutionary Party chose him as its candidate for governor of Baja California.
BUSINESS
August 9, 2009 | Martin Zimmerman
Beverly Hills investment firm Platinum Equity, which recently bought the San Diego Union-Tribune newspaper, has emerged as a possible buyer of the Boston Globe. Platinum Equity has submitted a "preliminary bid" for the paper, according to a person with knowledge of the proposal. The firm is offering to pay $35 million for the paper and assume $59 million in pension liabilities, according to published reports. The New York Times Co. said in a regulatory filing last week that it was considering putting its New England Media Group, which includes the Globe, up for sale.
BUSINESS
July 29, 2009 | Times Staff and Wire Reports
The Los Angeles Times named Bill Nagel, a former executive at the San Diego Union-Tribune, to the newly created position of executive vice president of business services. Nagel replaces Jack Klunder, executive vice president of circulation and distribution, who is leaving the newspaper. Nagel will oversee circulation and will focus on increasing alternative revenue sources by marketing The Times' print distribution system, call-center operations and production services to other media.
SPORTS
July 11, 2009
The quality of "Page 2" on Tuesday (Jerry Crowe), reminded me of another Jerry (Magee) who recently retired from the San Diego Union-Tribune. They are members of an elite group: "The writers whom writers love to read." Duane Mitchell Escondido
CALIFORNIA | LOCAL
May 22, 2009 | Joel Rubin
The union representing Los Angeles police officers is pressuring the owner of San Diego's biggest newspaper to change the paper's editorial stance on labor issues or to fire its editorial writers. The feud is rooted in the recent purchase of the San Diego Union-Tribune by Platinum Equity, a private Beverly Hills firm.