Virginian-Pilot sale postponed
Posted on: Wednesday, 3 December 2008, 15:18 CST
Landmark Media Enterprises LLC said it was taking its Norfolk, Va., newspaper The Virginian-Pilot off the market due to the weak economy.
Landmark's Vice Chairman Richard Barry III, however, said the newspaper will be offered for sale when the economy improves, The Virginian-Pilot reported Wednesday.
Most of the prospective buyers for the newspaper couldn't arrange credit to complete a deal, Barry said.
One buyer came close. The party was very enthusiastic about buying The Virginian-Pilot Media Cos. and was putting together a financial package but could not complete it because of the credit squeeze,
Barry said to The Virginian-Pilot.
Source: United Press International
Related Articles
- Virginian-Pilot to lay off 30
- Commentary: Wait Was Worth It for Pilot Staffer at First Shuttle Launch
- Corrections and Clarification From The Virginian-Pilot
- Pilot Staff Members Honored for Work in Annual Ceremony
- The Pilot Takes Home Top Awards From Virginia Press Association
- Audio: Historian Begins New Column in The Pilot
- The Virginian-Pilot, Norfolk, Va., Road Warrior Column
- Letter to the Editor - THE VIRGINIAN PILOT
- Pilot Program to Give Used Computers to Families in Need
Rating: 3.0 / 5 (6 votes)
 |
 |
Rate this article:
User Comments (0)
RSS Feeds