By Doug Porter
The Reader broke the news this weekend, confirming speculation that “Papa Doug” Manchester is looking to unload San Diego’s daily newspaper.
Columnist Don Bauder, citing rumors among local business executives and insiders at the newspaper, ran with a story on Thursday saying that downtown real estate developer and philanthropist Malin Burnham was raising money for takeover. The paper would become a nonprofit, according to this account, and acquiring the company’s real estate was not part of the negotiations.
On Saturday Matt Potter reached Burham by phone, who confirmed a deal was in the works, telling the Reader reporter, “announcement of a fundraising campaign to provide operating cash for the new operation awaits IRS approval of the venture.”

