California - Sacramento Mayor Hopes For Local Ownership Of 'Sacramento Bee' Newspaper

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Sacramento mayor Darrell Steinberg is hoping to re write the headline of his city's paper instead of the Sacramento bee the hundred sixty three year old paper files for bankruptcy and is sold to a hedge fund he wants the headline landing on people's doorsteps to read the Sacramento bee stays with local owners to explain we're joined now by mayor Steinberg hi there good to be with you Mary Louise so this is not a new news story McClatchy which owns a bunch of papers including the B. I think people have followed along as it filed for bankruptcy give me in a few sentences what your plan is for writing a different ending to this story for the B. well first of all the Sacramento bee is the leading daily publication in the capital city of California and it is a specific asset we intend as a community to put up a fight to make sure that the B. emerges from bankruptcy in a way that not only maintains its status but actually enhances it because the B. is suffered like many daily newspapers over the last decade or more I just believe that independent journalism is crucial for obvious reasons our community matters and we don't want this newspaper carved up in a way that will leave the people that I represent at to not have the benefit of that independent daily journalism I read your planning to convene a forum later this month is that right with the investors and philanthropists and community leaders to figure out what this might look like exactly because we know that there are a number of models throughout the country and we intend to highlight all of them in addition to actively working between now and the twenty seven to identify as some people who might be willing to to buy the B. do you have your eye on specific potential investors I do can't identify them a right now but we are working very hard on identifying some investors but you know our city is this great emerging city in America I say that I know with a little biased because I am the mayor of but it's true we were emerging from just being capital city into a government town to be the center of innovation and technology and food and it's becoming a great millennial sitting over the last half decade or so we have fought to keep civic assets we fought to keep the Sacramento Kings are NBA franchise in the capital city and we ended up not only keeping them the building a great downtown arena we just fought to win a major league soccer franchise and so a newspaper may not seem on par with all those other civic assets but undoubtedly the daily newspaper is at least if not more important than the civic assets and if those are worth fighting to keep into into win so is the Sacramento bee what section of the B. two you read first every morning it's a good question I read the editorials first I read the the state local news I make sure they spelled my name correctly and and then you know I like to read the sports section to you know we have a NBA team that's making a run for the playoffs that is Sacramento mayor Darrell Steinberg talking about Sacramento bee marriage time virgin Kerr thank you so much

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