Do you think stock market likes Tampa Trib owner Media General's sale of its newspapers?
Here's a snapshot of what Media General's stock (MEG) is doing this morning since it was announced Warren Buffett was buying all of the company's newspapers for $142 million -- except for the Tampa Tribune. Details here and here. What will be its fate? Will Halifax Media make an offer for it since it recently bought the papers in Sarasota, Lakeland, Ocala and other nearby towns? Or might some local Tampa folks with too much money and an insatiable urge to become local newspaper owners come in -- like they have done in Philadelphia -- and buy the Trib and try to make a go of it?
Here's my question. What happens to TBO.com -- the combined digital version of the Tampa Tribune and the WFLA-Channel 8 TV -- when someone expresses interest in the Trib? WFLA needs TBO.com. The Tribune is only half a modern newspaper without TBO.com. So how do you split that baby?
-- Robert Trigaux, Business Columnist, Tampa Bay Times