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ZenLefty Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-04 03:19 PM
Original message
Anschutz to buy S.F. Examiner
Anschutz to buy S.F. Examiner
By Ron Harris, Associated Press
February 19, 2004

SAN FRANCISCO - Billionaire investor and Qwest Communications founder Phil Anschutz is buying the once-mighty San Francisco Examiner from the Fang family, the parties announced today.

A source close to the deal said Anschutz is paying $20 million for the daily that Florence Fang and her family bought from the Hearst Corp. in 2000 for a dollar. The Fangs also received $66.7 million from Hearst to subsidize the newspaper's operation.


http://www.rockymountainnews.com/drmn/business/article/0,1299,DRMN_4_2667688,00.html
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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-04 03:21 PM
Response to Original message
1. What you need to know about Anschutz
From a 1998 profile:

http://www.findarticles.com/cf_dls/m1346/n10_v43/21168731/p3/article.jhtml?term=

... In the late '70s, he and his dad struck it rich when they discovered one of the nation's 50 largest natural gas reserves underneath a tract they owned in Utah. The uncertain nature of the wildcatter's life made the younger Anschutz "extremely pragmatic" and "a student of timing and cycles." In 1982, he became Colorado's first billionaire when he bailed out of the oil business just before global prices collapsed.

... Anschutz has always used his money for political influence. In 1993, he gave $100,000 to a think tank controlled by his old friend Bob Dole. In '95 and '96, he spent $360,000 backing Republicans, especially the successful 1996 Colorado senatorial run of veterinarian Wayne Allard, a National Rifle Association stalwart who proposed "hangings in the streets" as a criminal deterrent. In the crucial final days of the successful campaign to pass Colorado's Amendment 2, which restricted the right of the state's cities to pass civil rights protection for gays, Anschutz donated $10,000 to the amendment's backers, Colorado for Family Values. At heart, suggests the Denver Business Journal's Dubroff, Anschutz isn't that interested in politics: "He's more of a person who doesn't like government interference."
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ronnykmarshall Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-04 03:21 PM
Response to Original message
2. The Examiner is crap.
Ever since the Fangs took it over, it's become nothing but a tabloid.

When I left SF in 2000 I was surprised when I came back to visit and picked up the paper.

Whoever buys this, has their work cut out for them.
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Richardo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-04 03:22 PM
Response to Original message
3. Fang replies: "Wah oh wah? wah wah wah woh woh wah."
:7 (White fang that is)

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donco6 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-20-04 01:48 PM
Response to Reply #3
4. Love your Will Rogers quote!
Made my day.
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