Editorial: A new era in newspaper ownership | January 22, 2010 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

Spectrum - January 22, 2010

Editorial: A new era in newspaper ownership

As owner of Mercury News and Daily News seeks bankruptcy reorganization, banks assume uncomfortable role as media owners

The only good news about the announcement that a group of banks led by Bank of America will become the owners of the second largest newspaper group in the nation is that it unburdens the company from most of its almost billion-dollar debt.

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