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The North County Times announced this morning (Sept. 11) that its parent, Lee Enterprises, has sold the North County Times to U-T San Diego for $11.95 million. The San Diego Business Journal announced yesterday that the deal was a fait accompli. Then John Lynch, chief executive of the U-T, told the NC Times that no deal had taken place. This morning, Lee and the NC Times announced the deal. Lynch sent an email to U-T staffers that MLIM Holdings, Manchester Lynch Integrated Holdings, an affiliate of the U-T, had made the acquisition. According to the memo that was sent to me, "Papa Doug" Manchester, owner of the U-T, told employees that "we intend to super serve each and every market in which we enter." Lynch told U-T employees that the North County Times is "highly regarded for its prep and youth sports coverage. The UT has recently made a huge commitment to Prep (sic) and youth sports on multiple platforms." The deal is to close Oct. 1 and "No other comments will be made until the closing," wrote Lynch to staffers.
The North County Times announced this morning (Sept. 11) that its parent, Lee Enterprises, has sold the North County Times to U-T San Diego for $11.95 million. The San Diego Business Journal announced yesterday that the deal was a fait accompli. Then John Lynch, chief executive of the U-T, told the NC Times that no deal had taken place. This morning, Lee and the NC Times announced the deal. Lynch sent an email to U-T staffers that MLIM Holdings, Manchester Lynch Integrated Holdings, an affiliate of the U-T, had made the acquisition. According to the memo that was sent to me, "Papa Doug" Manchester, owner of the U-T, told employees that "we intend to super serve each and every market in which we enter." Lynch told U-T employees that the North County Times is "highly regarded for its prep and youth sports coverage. The UT has recently made a huge commitment to Prep (sic) and youth sports on multiple platforms." The deal is to close Oct. 1 and "No other comments will be made until the closing," wrote Lynch to staffers.