Confirmed: U-T San Diego is buying North County Times

Lee Enterprises is selling its Escondido-based North County Times to U-T San Diego for nearly $12 million. The deal is expected to close in October. “We intend to super serve each and every market in which we enter,” says U-T owner Doug Manchester. “Since San Diego is our home this is a logical acquisition.”

The news of the sale was first reported on Monday by San Diego Business Journal. U-T’s CEO said in the afternoon that a deal had not been completed.

* U-T San Diego announces that it’s buying North County Times (utsandiego.com) | (nctimes.com) | (nbcsandiego.com)

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