Mexican Publisher Buys UPI
Associated Press
WASHINGTON —
A U.S. Bankruptcy Court judge today signed over control of United Press International to Mexican newspaper publisher Mario Vazquez Rana after a majority of the news service’s creditors approved a reorganization plan.
Judge George Francis Bason’s action came after Vazquez Rana, who heads a partnership that is purchasing UPI for $41 million, testified, “I am prepared to start a long process to get UPI moving again.”
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
