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San Francisco Chronicle
02-05-2025
- Business
- San Francisco Chronicle
Hedge fund buys Press Democrat and four other North Bay publications
Hedge fund Alden Capital's MediaNews Group is acquiring the Press Democrat newspaper and five other North Bay publications. The purchase agreement, confirmed by the companies on Thursday, would add the Santa Rosa-based publication to Alden's dozens of newspaper holdings that include the Mercury News, East Bay Times and San Diego Union-Tribune. 'We always believed that a viable, independent local press was vital to our North Bay community. We believe that the newspaper, its staff and most importantly the public will be best served under the stewardship of MediaNews Group, with the newspaper expertise and financial resources necessary to carry on our mission of delivering the highest-caliber local journalism for future North Bay generations,' said Darius Anderson, managing member of Sonoma Media Investments, in a statement. The sale would honor the existing contract between the newspaper and the Pacific Media Workers Guild, the newsroom's union. 'We are honored to bring a newspaper of this quality into MediaNews Group,' said Frank Pine, executive editor of MediaNews Group, in a statement. 'We appreciate the importance of local news and information to the communities where we publish and are proud to expand our commitment to Northern California in the North Bay.' The Press Democrat won a Pulitzer Prize in 2018 for its coverage of the Tubbs Fire. The sale also includes the Sonoma Index-Tribune, Petaluma Argus-Courier, North Bay Business Journal, Sonoma magazine, Sonoma County Gazette and La Prensa Sonoma. Hearst, owner of the Chronicle, was also reportedly a bidder for the newspapers.
CBS News
22-03-2025
- Sport
- CBS News
SailGP brings high-intensity catamaran racing back to San Francisco Bay
For one high-octane weekend, the San Francisco Bay is once again transforming into one of the fastest and most dynamic racetracks in the world for the Oracle San Francisco Sail Grand Prix . Towering hydrofoil sailboats, capable of reaching speeds over 60 miles per hour, will slice through the water in what has become more than just a sailing competition — it's a spectacle of technology, athleticism, and strategy. At the heart of Team USA 's campaign in the SailGP series is Hans Henken, a Stanford University graduate and aeronautical engineer who has returned to waters that feel like home. "San Francisco is an amazing venue. It kind of has every aspect a sailor wants, it has really challenging conditions, it has beautiful geography, it has the current, everything you could possibly ask for in a sailboat race it definitely has here," Henken told CBS News Bay Area. Henken's background in aeronautical engineering is no coincidence. The multi-million-dollar catamarans used in SailGP are closer to aircraft than traditional sailboats. They rise above the surface of the water on hydrofoils, reducing drag and pushing the limits of what's possible on water. "We're still utilizing the wind to go up wind, downwind, tack, and jibe," Henken explained. "But the sailing we're doing at SailGP is at the highest level. It's the most technologically advanced boats, the most challenging boats to sail and the speeds is probably what makes the biggest difference. On top of obviously the technology and the hydro-foiling." A recent bronze medalist in the Paris Olympics, Henken is aiming for the top of the podium in SailGP — and doing it in front of a home crowd as his Santa Rosa-based parents cheer him on from the stands. Racing on the unpredictable waters of San Francisco Bay requires split-second decisions, precise coordination with teammates, and the ability to read the ever-changing wind and wave conditions. "It's really flat over there and starting to get choppy," Henken said ahead of a practice run Friday. "That's going to play a big role for sure." But for Henken and his fellow sailors, SailGP is about more than just crossing the finish line first. It represents the future of sailing. The Oracle San Francisco Sail Grand Prix takes place this weekend.
