More than 20 newspapers are soon changing hands as Patrick Soon-Shiong announced his plan to sell the San Diego Union-Tribune and, separately, nonprofit National Trust for Local News said it's buying papers in Maine.
Why it matters: These deals represent the different paths local newspapers have taken as they struggle to survive amid the decline in print readership and a lack of ad dollars — get supported by a billionaire or bought up by a hedge fund or become a nonprofit.
