Freedom Communications, Inc.

Newspapers place bets on a regional strategy

The Los Angeles Times and U-T San Diego will soon share an owner, in a bet that they can usher in a new era of newspapering in Southern California built on geographic strength in numbers. Combining newspapers in adjacent regions has become the struggling industry's business model du jour as print publications join forces to share stories, wield advertising clout and cut costs — rather than going it alone. Largely gone are the days when newspapers were owned by wealthy families, who used the publications to champion their pet causes. That gave way to media corporations with publications scattered in far-flung cities. Now, newspapers are increasingly being realigned by...