What happened to the Tribune Company?
The split was finalized on the target date, with the publishing arm being spun out as Tribune Publishing Company, and its former parent company being renamed Tribune Media. Tribune Publishing acquired six suburban daily and 32 weekly newspapers in the Chicago Metropolitan Area in October 2014.
How many newspapers does Tribune Publishing own?
Prior to this acquisition, Tribune Publishing was the nation's third-largest newspaper publisher (behind Gannett and The McClatchy Company ), with eleven daily newspapers and commuter tabloids throughout the United States. With the acquisition, it became the second-largest newspaper publisher in the United States.
Is the Chicago Tribune still in business 2021?
Incorporated in 1847 with the founding of the Chicago Tribune, Tribune Publishing operated as a division of the Tribune Company, a Chicago-based multimedia conglomerate, until it was spun off into a separate public company in August 2014. The company confirmed its sale to hedge fund Alden Global Capital on May 21, 2021.
Who is buying out the Chicago Tribune?
Two days after hedge fund Alden Global Capital completes its $633 million acquisition of Tribune Publishing, the new owners of the Chicago-based newspaper chain offer newsroom employees a buyout. Almost 40 journalists are leaving the Chicago Tribune’s newsroom as part of a voluntary buyout program announced in late May by Tribune Publishing.