Posted on 11/22/2004 2:35:35 PM PST by paladinan
ST. LOUIS - Shares of Pulitzer Inc. surged nearly 16 percent Monday, the day after the newspaper publisher said it was considering a possible sale or other options to increase shareholder value.
The company, which publishes the St. Louis Post-Dispatch, the Arizona Star and about a dozen other daily newspapers, said in a statement Sunday that no decisions had been made and no agreements had been reached. Pulitzer said it was exploring "a range of strategic alternatives" and had retained Goldman, Sachs & Co. as financial adviser to assist in its review.
(Excerpt) Read more at newsmax.com ...
Memo to Archbishop Burke... BUY THAT SUCKER!! Mortgage the Diocese, buy it, shut it down, and turn it into a nice, pond retirement home for ducks, or something...
Hoping someone conservative buys it! I want to be able to buy and read a respectable paper and the St. Louis Post isn't fit to line a bird cage.
It'd be an investment for our future. When people are educated and not indoctrinated, we can turn "blue" counties into "red" counties and finally break the stranglehold of socialist thinking.
I stopped delivery of the Post-Dispatch. Saved me the effort of walking from the curb to the garbage can.
"Maybe we should have a fund drive and buy it."
I agree an important liberal paper in an important swing state. I got 5 bucks I can contribute. How much does everyone else have?
SOLD today!!!!
Does this mean it gets better or worse?
-- Joe
Well, I was just doing a search to see if any Freepers had written about the Post-Dispatch sale. I haven't seen a thread yet just on the sale, have you?
-- Joe
Just did a search on google and theys aid it had been sold to lee enterprises on ja 30 2005. We must be the only ones on this thread.
Is it even possible for the PD to get worse?
It might get better. Lee Enterprises is a chain of small newspapers which taken together was actually larger then Pulitzer. It appears that most of them who endorsed candidates endorsed Bush. According to a site I saw Lee Enterprises says it does not interfere with editorial content so it will probably stay liberal. But at least there is hope. Certainly if Lee Enterprises changes Management.
http://www.lee.net/newspapers/
http://en.wikipedia.org/wiki/Newspaper_endorsements_in_the_U.S._presidential_election%2C_2004
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