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Article: PUBLISHING NEWCOMER PURCHASES PAPER IN CALIFORNIA Times Co. sells Santa Barbara News-Press to philanthropist businesswoman.
- Article from:
- NewsInc
- Article date:
- July 17, 2000
CopyrightCOPYRIGHT 2000 The Cole Group. 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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It's almost in the same league as "Man bites dog": "Local woman buys newspaper."
The 45,400-circulation Santa Barbara News-Press on Southern California's coast is being sold to Ampersand Holdings LLC, a two-year-old privately-held company that invests in "well-managed assets that make significant contributions to the communities in which they operate," according to an Ampersand profile of its founder, Wendy McCaw. For 13 years, she's had a residence in Santa Barbara, which is also home to the environment-oriented Wendy P. McCaw Foundation.
The seller is the New York Times Co., which is consummating the first of four planned sales of dailies from ...
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