Bryan Foundation president Jim Melvin is quoted in today’s in-house story on the possible sale of the N&R:
Civic leaders expressed concern Thursday about the effect a possible sale could have on the community.
“Landmark is a good corporate citizen,” said Jim Melvin, a former mayor and president of the Joseph M. Bryan Foundation. “A new owner might decide, ‘We ain’t going to do anything.’ ”
……Melvin said there could be interest in local ownership of the News & Record.
“I think it would be worth discussion,” he said.
“If something makes economic sense, then you put a group together to see if they could buy it.”
Landmark executives have declined to say how much the paper might be worth.
Melvin said the Bryan Foundation, whose money helped bring about the downtown baseball stadium and Center City Park, would not be involved in buying the paper. “We don’t make those types of investments,” he said.
