According to this article on Yahoo, MediaNews Group Inc., publisher of The Denver Post and other newspapers, is acquiring four newspapers from McClatchy Co. for $1 billion. I realize that there are many people involved in the McClatchy Company, but I'm sure that Pittsburgh Pirates owner, Kevin McClatchy will get a nice chunk from the sale. How much of the money do you think he will use from the sale on the Pirates? My guess is none or very little.
Wednesday, April 26, 2006
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