San Diego Union-Tribune Sold to MediaNews Group

From a Los Angeles Times story by Meg James headlined “Soon-Shiong family sells San Diego Union-Tribune”:

Patrick Soon-Shiong and his family have sold the San Diego Union-Tribune to competing publisher MediaNews Group, slimming down the family’s holdings to just one news organization — the Los Angeles Times.

California Times President and Chief Operating Officer Chris Argentieri announced the sale of The Times’ sister publication to an affiliate of the Denver-based MediaNews Group, which is owned by controversial New York investment firm Alden Global Capital.

The company did not disclose a purchase price.