Copley Press: Difference between revisions
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==Selling off Properties== |
==Selling off Properties== |
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Copley Press began selling off its properties in the 2000s. Hollinger International bought the Chicago-area publications |
Copley Press began selling off its properties in the 2000s. Hollinger International bought the Company's Chicago-area publications (''[[The Herald News (Joliet)|The Herald News]]'', ''[[The Beacon News]]'', ''[[The Courier News]]'', and ''[[Lake County News-Sun|The News Sun]]'', along with several smaller papers) in 2000. The remaining Illinois papers (''[[The State Journal-Register]], the ''[[Peoria Journal Star]]'', ''[[The Repository]]'', and some smaller papers) were sold to [[GateHouse Media]] in 2007. |
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In December 2007, the ''Union-Tribune'' reported that Copley Press was selling La Casa del Zorro, a resort it owned in [[Borrego Springs]]. Copley News Service was sold to [[Creators Syndicate]] for an undisclosed price, and renamed Creators News Service, on 1 July 2008. |
In 2006, the ''[[Daily Breeze]]'' was sold to [[Hearst Corporation|Hearst]]. In December 2007, the ''Union-Tribune'' reported that Copley Press was selling La Casa del Zorro, a resort it owned in [[Borrego Springs]]. Copley News Service was sold to [[Creators Syndicate]] for an undisclosed price, and renamed Creators News Service, on 1 July 2008. |
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In late July 2008, the company announced it was seeking buyers for its flagship paper, the ''Union-Tribune'', as well as several other businesses, such as ''Enlace'', a free Spanish-language tabloid, and SignOnSanDiego.com, the online arm of the U-T.<ref name=utarticle>[http://www.signonsandiego.com/news/metro/20080725-0014-7n25utnews.html "Sale of U-T explored by Copley Press," San Diego Union-Tribune, July 25, 2008; by David Hasemyer].</ref> The announcement did not make clear what, if anything, would be left in the Copley Press name. [[Platinum Equity]] agreed in March 2009 to purchase the ''Union-Tribune'' for an unspecified sum.<ref name="utpe">Hsu, Tiffany and Tony Perry. "[http://www.latimes.com/business/la-fi-sdunion19-2009mar19,0,3235358.story Platinum Equity to Acquire San Diego Union-Tribune]." ''[[Los Angeles Times]]'', 19 March 2009.</ref> Copley Press is working with Evercore Partners, the same company that helped it sell off other business units, to determine a price for the assets. The lack of advertising dollars was cited as the reason for the sale.<ref name=utarticle/> |
In late July 2008, the company announced it was seeking buyers for its flagship paper, the ''Union-Tribune'', as well as several other businesses, such as ''Enlace'', a free Spanish-language tabloid, and SignOnSanDiego.com, the online arm of the U-T.<ref name=utarticle>[http://www.signonsandiego.com/news/metro/20080725-0014-7n25utnews.html "Sale of U-T explored by Copley Press," San Diego Union-Tribune, July 25, 2008; by David Hasemyer].</ref> The announcement did not make clear what, if anything, would be left in the Copley Press name. [[Platinum Equity]] agreed in March 2009 to purchase the ''Union-Tribune'' for an unspecified sum.<ref name="utpe">Hsu, Tiffany and Tony Perry. "[http://www.latimes.com/business/la-fi-sdunion19-2009mar19,0,3235358.story Platinum Equity to Acquire San Diego Union-Tribune]." ''[[Los Angeles Times]]'', 19 March 2009.</ref> Copley Press is working with Evercore Partners, the same company that helped it sell off other business units, to determine a price for the assets. The lack of advertising dollars was cited as the reason for the sale.<ref name=utarticle/> |
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Revision as of 21:26, 22 April 2010
Copley Press was a privately held newspaper business, founded in Illinois, but later based in La Jolla, California. It's flagship paper was The San Diego Union-Tribune.
Pulitzer Prizes
- 2006 National Reporting: Copley News Service and The San Diego Union-Tribune (with notable work by Marcus Stern and Jerry Kammer), for their disclosure of bribe-taking that sent former Rep. Randy Cunningham to prison in disgrace[1][2]
Additionally, the San Diego Evening Tribune, predecessor of its flagship newspaper Union-Tribune, won Pulitzer Prizes in 1987 and 1979.
Allegations of collaboration with CIA and FBI
In the late 1970s, reports began surfacing in the American media that the Copley Press was being used as a front by the Central Intelligence Agency. Reporters Joe Trento and Dave Roman claimed that James S. Copley, who served as publisher until 1973, had cooperated with the CIA since its founding in 1947. They also reported that a subsidiary division, Copley News Service, was used in Latin America by the CIA as a front. Further, they said that reporters at the Copley-owned San Diego Union and Evening News spied on antiwar protesters for the FBI. They alleged that at the height of these operations, at least two dozen Copley employees were simultaneously working for the CIA. James S. Copley was also accused of involvement in the CIA-funded Inter-American Press Association.[3][4][5][6]
Selling off Properties
Copley Press began selling off its properties in the 2000s. Hollinger International bought the Company's Chicago-area publications (The Herald News, The Beacon News, The Courier News, and The News Sun, along with several smaller papers) in 2000. The remaining Illinois papers (The State Journal-Register, the Peoria Journal Star, The Repository, and some smaller papers) were sold to GateHouse Media in 2007.
In 2006, the Daily Breeze was sold to Hearst. In December 2007, the Union-Tribune reported that Copley Press was selling La Casa del Zorro, a resort it owned in Borrego Springs. Copley News Service was sold to Creators Syndicate for an undisclosed price, and renamed Creators News Service, on 1 July 2008.
In late July 2008, the company announced it was seeking buyers for its flagship paper, the Union-Tribune, as well as several other businesses, such as Enlace, a free Spanish-language tabloid, and SignOnSanDiego.com, the online arm of the U-T.[7] The announcement did not make clear what, if anything, would be left in the Copley Press name. Platinum Equity agreed in March 2009 to purchase the Union-Tribune for an unspecified sum.[8] Copley Press is working with Evercore Partners, the same company that helped it sell off other business units, to determine a price for the assets. The lack of advertising dollars was cited as the reason for the sale.[7]
Publishers
- Ira Clifton Copley — founder
- James S. Copley — 1947–1973
- Helen K. Copley — 1973–2001
- David C. Copley — 2001 to 2009
Former Properties
- The San Diego Union-Tribune
- The Sacramento Union
- Daily Breeze
- The State Journal-Register
- Peoria Journal Star
- The Repository
- Naperville Sun
- Lake County News-Sun
References
- ^ "U-T, Copley News win Pulitzer Prize", The San Diego Union-Tribune, 2006-04-18 by Jeff McDonald
- ^ 2006 Pulitzer Prize National Reporting
- ^ Trento, Joseph, The Secret History of the CIA, Forum Press, 2001
- ^ Trento, Joseph, Prelude to Terror—The Rogue CIA and the Legacy of America's Private Intelligence Network, Carroll & Graf, 2005
- ^ Brandt, Daniel, "Journalism and the CIA: The Mighty Wurlitzer", NameBase NewsLine, No. 17, April-June 1997
- ^ Neoconservatism: a CIA Front?, The Rothbard-Rockwell Report, 1997
- ^ a b "Sale of U-T explored by Copley Press," San Diego Union-Tribune, July 25, 2008; by David Hasemyer.
- ^ Hsu, Tiffany and Tony Perry. "Platinum Equity to Acquire San Diego Union-Tribune." Los Angeles Times, 19 March 2009.