Dan Quayle's private-equity firm in talks to buy 3rd-largest newspaper group

[Newsjock]

Source: Bloomberg

Cerberus Capital Management LP is in talks to acquire Digital First Media Inc., the owner of newspapers including the San Jose Mercury News and the Denver Post, people with knowledge of the matter said.

There may be other potential bidders, said two of the people, who asked not to be named because the discussions are private. Digital First may be valued at about $600 million, one person said.

The sale of Digital First Media could affect the local news coverage in dozens of communities that have hundreds of thousands of readers.

... Digital First is the third-largest U.S. newspaper group, owning 76 daily and 160 weekly papers in 15 states. The closely held company said in a September statement it hired UBS AG to help it review strategic alternatives.

Read more: http://www.bloomberg.com/news/2015-01-23/cerberus-said-to-be-in-talks-to-acquire-digital-first-media.html

[shenmue]

1. Sigh

[TreasonousBastard]

2. Well, we've stopped reading newspapers, so...

newspapers will disappear.

It's really that simple.

[pinboy3niner]

3. Finally a major stylebook will show potato with an 'e'

Potatoe! Mission accomplished! Nyah, nyah!

[Contrary1]

4. Quayle's maternal grandfather was Eugene Pulliam...

and his mother passed away just last month, so now the family can control even more of the media.