• Voice of San Diego, Thursday, October 9, 2008 9:15 AM

Two months after it put itself up for sale, The San Diego Union-Tribune has been courted by four major suitors: The New York Times, MediaNews, Tribune and Black Press.

All the companies would have to overcome major financial hurdles in order to buy the U-T, and the economy's credit crunch might make it impossible to borrow the money needed for the purchase.

Observers wonder why any media company would even want the paper -- with its sliding circulation, rapid declines in advertising and the departures of some well-known journalists. On the other hand, the U-T's dire straits are common in the newspaper industry and the potential of the Southern California property seems tempting.

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