Private equity firm said to be near acquiring Pioneer Press parent

MinnPost photo by Corey Anderson

With private equity’s stellar record in the news business, I’m sure our friends in St. Paul are cheering this news: according to (fellow Digital First Media property) the Denver Post, “The giant private equity fund Apollo Global Management is the front-runner in negotiations to buy Digital First Media, publisher of the Denver Post and 13 other newspapers in Colorado. … In addition to 76 daily newspapers — including the Boulder Daily Camera, Cañon City Daily Record and the Loveland Reporter-Herald — Digital First Media controls 160 weekly publications.” The rumored sale price? $400 million.

Goodbye starving artists, hello artrepreneurs. The New York Times takes a look at the Walker Art Center’s new project, Intangibles, “a conceptual art pop-up store.” Would you pay $150 for a custom ringtone created by composer Nico Muhly? How about $100 for 25 Alec Soth photos … that disappear in seconds? 

Oh, hey, another apartment development in Minneapolis. The Star Tribune’s Jim Buchta has welcome news for those of you prone to complain about the “cookie-cutter architecture” that has characterized the current apartment boom: “ ‘We wanted to provide people with a slightly different aesthetic,’ [Architect Jack] Cochran said. ‘And to provide a new model for sustainable living in the city.’ ” The building would be next to the Midtown Greenway at 11th Ave S. No word on whether they’ll be “luxury” apartments.

A look at the gang feud driving violence in Minneapolis. MPR’s Brandt Williams undertook an extensive review of court documents detailing the nature of a feud between two sets of allied rival gangs that has underpinned much of the violence in the city over the past decade. Adding guns to the mix hasn’t helped: “ ‘Back in the ’80s and ’90s it was baseball bats and chains and whatever,’ said Sgt. Jeff Carter, an 11-year veteran of the force who’s spent part of his career investigating street gangs. ‘Now everything seems to be more centered around guns.’ ”

University of Minnesota’s Smart Politics blog rounds up a list of Irish-born members of Congress elected from each state — Minnesota has elected two, including James Shields, “… the only American in history to serve in the U.S. Senate from three different states.”

In other news…

Hennepin County Medical Center is expanding. [WCCO]

“Louise Erdrich wins Library of Congress fiction prize” [MPR]

The airport might be getting a Graves hotel [Star Tribune]

A Minneapolis landlord explains how she sets rent [streets.mn]

Just in time for St. Patrick’s Day, some seasonally appropriate Northern Lights [Pioneer Press]

“A donkey basketball fundraiser was held Monday night at Edgar High School in northern Wisconsin, despite an uproar among activists who called for the game to be canceled because of animal abuse concerns” [Journal Sentinel]

A family geocaching outing gone horribly wrong. [KSTP]

Austin City Council bans e-cigarettes in public [Austin Daily Herald]

Sorry, Zygi. [City Pages]

Comments (1)

  1. Submitted by Ray Schoch on 03/17/2015 - 01:23 pm.

    Merits a raised eyebrow

    in the PiPress newsroom, I’d say. As a former subscriber to both the Denver Post and the Loveland Reporter-Herald, I’ll simply say that both papers have diminished considerably since their sale to “equity” holdings. Substantial layoffs, cutbacks in coverage, and a physically smaller paper with less actual space for news, though both have retained the “broadsheet” layout style.

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