By: Jennifer Saba
Over the past three days, rumors have been swirling that Pulitzer Inc., owner of the St. Louis Post-Dispatch and other newspapers, was exploring the possibility of the sale of the company. Today the company issued a release confirming the interest, in response to a Reuters story that appeared Friday.
“No formal decisions have been made and no agreements have been reached at this time,” the release said. “There can be no assurances that any particular alternative will be pursued or that any transaction will occur, or on what terms.”
Goldman Sachs has been retained as a financial advisor to the possible sale.
Gannett, Knight Ridder, McClatchy, Belo, Tribune, and The New York Times Co. have all been named as potential suitors.
Reuters reported that Pulitzer could fetch as much as $1.5 billion.
In addition to the Post-Dispatch, Pulitzer owns the Arizona Daily Star in Tucson, Ariz., 12 dailies, and more than 65 weeklies.