Downtown hotelier Doug Manchester confirmed this morning that he’s considering a purchase of the San Diego Union-Tribune, the local newspaper currently owned by Platinum Equity, a Beverly Hills private equity firm.
“There’s lots of people interested in that asset,” Manchester said. “There has not been anything completed. We’re looking at it. It’s a very complicated transaction if it were ever to come to fruition.”
The Union-Tribune announced in July that it had hired an investment firm to explore options for its future. The same firm, Evercore Partners, helped broker the 2009 sale of the newspaper from former owner David Copley to Platinum Equity, the firm founded by billionaire investor Tom Gores.