Star Tribune
Avista Capital Partners is paying 7.4 times the Star Tribune's cash flow -- below the current newspaper industry's average valuation of 8.7 times cash flow. Most newspaper deals in the past year have been priced at 10 to 12 times cash flow. Analysts tell
Chris Serres that other newspaper companies could now be forced to sell at prices considered unthinkable just a few years ago.
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"I think we got a good deal," says Avista partner (Sacramento Bee)
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Star Tribune's new chairman says he's driven by public service (Strib)
