He paid $250M for newspapers that lost $40M+ in the first half of the year. Another deep pocket getting into the newpaper game. Buffet, Slim, Kochs (trying to buy) and now Bezos. The old media buying continues.
Yes, but I doubt the take-out price for LEE would be much higher, if any, than the roughly $3 per share price it's selling for now. If someone has crunched the numbers on this it would be nice to see it.