By Pete Carey
Posted: 03/16/15, 2:55 PM PDT |
The giant private equity fund Apollo Global Management is the front-runner in negotiations to buy Digital First Media, publisher of this newspaper, according to reports.
Apollo, which has about $160 billion under management, is “in advanced talks” to acquire DFM for around $400 million, Reuters said, citing sources.
Digital First Media owns the Los Angeles News Group, which includes the Los Angeles Daily News, Daily Breeze, Long Beach Press-Telegram, San Gabriel Valley Tribune, Pasadena Star-News, Whittier Daily News, Inland Valley Daily Bulletin, San Bernardino Sun and Redlands Daily Facts.
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