By: Jennifer Saba A proposed sale of the San Jose Mercury News' Vietnamese paper, Viet Mercury, fell through on Tuesday. Local investor and former Mercury News ad executive Jim Chinh Nguyen was interested in the paper.
Both Nguyen and Knight Ridder, who owned the publication, concluded that the current revenue and cost would not keep the paper viable.
"While we regret that our efforts to sell Viet Mercury to a group of community-based local owners were unsuccessful, both sides tried their best to complete the sale and our discussions ended amicably," said Mercury News Publisher George Riggs in a statement.
There are no other parties interested in Viet Mercury. The paper was founded in 1999 and ceased publication on Nov. 11.
Comments
No comments on this item Please log in to comment by clicking here