Wanna Buy A Newspaper? Anybody?
Cox Enterprises announced today that the Austin American-Statesman is up for sale, along with 28 smaller papers across several states. This comes just after the Daytona Beach News-Journal was put up for sale, and the NJ Star-Ledger and Trenton Times have been threatened to be sold, and Dow Jones couldn't even sell the Ottaway chain of papers, though Tribune managed to unload Newsday, and not a second too soon. So who's the magical buyer that's going to step up and buy all these papers? Probably not would-be news mogul Sam Zell: Tribune Company's value has fallen by $20 million per day under his reign. Free Dunkin Donuts coffee with every newspaper business sold?