Senator urges Newhouse to sell Times-Picayune
U.S. Sen. David Vitter (R-La.) sent a letter to Steven Newhouse urging him to sell the New Orleans Times-Picayune, media blogger Jim Romensko reported. Newhouse is chairman of Advance Publications, which owns the newspaper.
Vitter wrote in his letter to Newhouse:
"In light of your decision to only print the Times-Picayune three times per week, and the multiple credible buyer groups that I know want to buy the paper and continue it as a daily, I urge you to enter into serious negotiations with them. Then I urge you to sell."
Romenesko also reported that New Orleans Saints owner Tom Benson is interested in buying the paper. Benson wrote his own letter to Newhouse, stating, "I would welcome the opportunity to speak to you about my interest in purchasing the Times-Picayune, with others. If this is something that is an option, we can initiate this at your earliest convenience." (Source: JimRomenesko.com, July 26, 2012.)
Posted Tuesday, July 31, 2012 • Permalink
Get the RSS Feed
Recent Posts
Third Pilot Flying J employee pleads guilty
Family takes full control of Porsche holding company
Rupert Murdoch files for divorce
Constellation is now U.S.’s #3 beer supplier
Tyson CEO says Smithfield sale will help Tyson’s exports
Mays brothers still using Clear Channel aircraft
New Pirelli holding company created
Mukesh Ambani seeking revenue from telecom, retail
Zeckendorf brothers developing U.N. Plaza condos
Crain Communications promotes third-generation member