US newspaper deals set to make headlines

Extra! Extra! Newspapers for sale. It’s the headline across America, with newspapers in more than half a dozen cities from Boston to Los Angeles and Chicago to South Florida on the block. One analyst is calling 2013 the “great metro sell-off.” “It’s a reshuffling of the newspaper ownership deck,” said Brian McCarthy, a partner at Skadden who has acted as counsel to several newspaper mergers and acquisitions. “There is a new generation of owners, who don’t think newspapers are going away and believe there is a new value proposition for the medium.”