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Article: Sale of Pioneer Press lets McClatchy choose its rival; The Star Tribune owner today will take bids on the St. Paul newspaper and 11 others that it bought from Knight Ridder.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- March 28, 2006
- Author:
CopyrightCOPYRIGHT 2006 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Terry Fiedler; Staff Writer
University of St. Thomas ethics professor Ken Goodpaster plans to offer this scenario for his students to discuss this week: What would you do if you gained control of your chief competitor and had the opportunity to choose the competitor's new owner?
Would you just sell to the highest bidder regardless of whether it was a good operator? Would you choose the weakest possible operator and future competitor? Would you consider other ripple effects of your move beyond simply maximizing the return to your shareholders?
Real-life answers to this scenario are expected to be forthcoming as the Star Tribune's parent ...