> San Diego Union-Tribune landlord says paper now owes over $560K in back rent
San Diego Union-Tribune landlord says paper now owes over $560K in back rent
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The San Diego Union-Tribune, the county's sole daily paper now owes more than $560,000 in unpaid rent and refuses to hand over the keys to its downtown headquarters, according to new eviction papers filed in California state court.
The owner of the 6th and B Street high-rise says the paper suddenly stopped making its monthly rent payments in September, just over a month after billionaire Patrick Soon-Shiong sold the San Diego daily paper to New York-based Alden Global Capital and its subsidiary MediaNews Group in July 2023.
Alden and its MediaNews Group run hundreds of community newspapers throughout the country and according to numerous media reports, had a long-running practice of buying newspapers and other publications and slashing staff to maximize profits.
MORE: https://www.cbs8.com/article/news/local/san-diego-union-tribune-owes-over-500k-in-back-rent/509-433fded5-595c-4a36-9aa3-261c91a828a9