Strib, Pi-Press make list of 10 papers worth acquiring
Over at Silicon Valley Insider, an unnamed big-time media investor picked 10 newspapers that will survive the apocalypse, and our local dailies made the list.
The twin cities are a "good market" with "good demos," says our investor source. The idea here would be to wait for the Star-Tribune to come out of bankruptcy, snatch the Pioneer Press from Media News and then combine the papers and "get rid of a huge amount of costs in the combination, pulling employees and warm bodies." Our buyer says after combining the two, he'd raise subscription and ad rates.
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