As ‘Old-Money’ Point Loman Burnham emerges to operate San Diego’s daily, questions raised whether this is the “Moderate Wing” of the Establishment reasserting itself?
Part One of two parts.
By Frank Gormlie
The news has been out for nearly a month now that well known wheeler-dealer and financier Malin Burnham of Point Loma has initiated efforts to purchase the U-T San Diego from Doug Manchester, the current owner and publisher.
Burnham, who calls himself a moderate Republican and who has lived in Point Loma all his life, told the press that he is the spokesman for a 5-man group of economic power-brokers who want to form a non-profit that will take over the newspaper and run it as a profit-making enterprise. Any profits, Burnham has pledged, would go back into community charities. Now as crazy as that plan might seem in this day and age of folding newspapers and expanding internet news sites, there are at least two other major dailies in the country that are run by non-profits. …