Digital First Media’s Real Price For Southern California Papers: A Paltry $16 Million

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After besting Tribune Publishing to win the Orange County Register and (Riverside) Press-Enterprise out of bankruptcy (POLITICO: “It’s official: Digital First Media defeats Tribune in bid for southern California newspapers”), Digital First Media has flipped the real estate that was included in the transaction. And O.C. speculators would be proud of the deal.

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