Thursday, August 16, 2012

Is the Journal Sentinel for sale?

Blogger Bruce Murphy says that it might be, based on the company's buyback of all shares owned by the family of its long-time publisher, Harry Grant. The stock price has risen to a yearly high and at least one corporate raider has been purchasing shares. As could have been expected, Warren Buffet's name has been mentioned. He's said that he is is the market for more newspapers like the Journal Sentinel. There is some sentiment for selling the newspaper part of Journal Communications, Inc. but the company's retaining its other holdings, mostly in television and radio. Murphy's blog is here, and Jim Romenesko's is here.

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