"We think newspaper companies are out there that can do well by these papers," he said.
Ultimately this price war made 6 newspaper companies run out of business.
A newspaper company's ownership of a professional team would not be unique.
"There's no question they managed this transition earlier than a lot of newspaper companies, and they're in a better position as a result."
In this strange, uncertain time, newspaper companies are trying to position themselves for the future.
Labor is the main cost for newspaper companies, representing about half of their total costs.
Some newspaper companies are developing electronic services of their own.
The newspaper company would continue to own a piece of Summit's operations for 30 years.
In addition, the newspaper company which he owned received a contract from the state government.
As a result, the earnings of most big newspaper companies are improving.