Platinum Equity announced it has signed a definitive agreement to sell The San Diego Union-Tribune, the publisher of Spanish-language weekly Enlace and recently launched magazine Vida Latina to MLIM LLC, owned by San Diego entrepreneur Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM.
Terms of the agreement were not disclosed. The transaction is expected to close no later than December 15. No further comment will be provided until the ownership transfer is complete.