The report by Ken Doctor on the Capital New York website said Tribune is one of three bidders for the San Diego newspaper owned by developer “Papa” Doug Manchester. Doctor cited “several confidential sources” for his report.
Doctor wrote that the purchase price would be $80 million to $90 million but would not include the San Diego newspaper’s real estate in Mission Valley.
Other bidders, according to Doctor, include philanthropist Malin Burnham, who has proposed turning the newspaper into a nonprofit corporation, and broadcast veteran John Lynch.
“Given all the activity, and re-bidding, we’d expect a deal to be announced fairly soon,” Doctor wrote.