Platinum Equity
Platinum Equity | Private Equity Tracker Profile
Beverly Hills-based Platinum Equity was recently referred to as "the most interesting private equity firm" following its bidding for struggling newspapers.Story #1: Platinum Equity Bids to Buy Boston Globe
Platinum Equity was recently referred to as "the most interesting private equity firm" following its bidding for struggling newspapers. It may seem a bit odd that Platinum Equity bid to purchase the Boston Globe, considering the depressing trend of print newspapers going bankrupt. The Globe's owner, the New York Times Co. has submitted a 10-Q form with the SEC signaling its intent to sell the New England Media Co and it is using Goldman Sachs to look into the possibility of a sale.
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Story #2: Platinum Equity Buys San Diego Union- Tribune
Beverly Hills investment firm Platinum Equity said Monday that it had completed its purchase of the San Diego Union-Tribune from Copley Press Inc.
Starting its first newspaper venture, Platinum installed Paul Bridwell as the senior executive of the Union-Tribune with the title of chief restructuring officer.
In a news release, Platinum described Bridwell as an experienced turnaround specialist who has served in senior positions at several companies owned by the investment firm. Read More...
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