Tribune Publishing Company (briefly Tronc, Inc.) is an American newspaper print and
online media
In mass communication, digital media is any communication media that operates in conjunction with various encoded machine-readable data formats. can be created, viewed, distributed, modified, listened to, and preserved on a digital electronic ...
publishing company. The company, which was acquired by
Alden Global Capital in May 2021, has a portfolio that includes the ''
Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and ...
'', the ''
Orlando Sentinel
The ''Orlando Sentinel'' is the primary newspaper of Orlando, Florida, and the Central Florida region, in the United States. It was founded in 1876 and is currently owned by Tribune Publishing Company.
The ''Orlando Sentinel'' is owned by pare ...
'', South Florida's ''
Sun-Sentinel'', ''
The Virginian-Pilot
''The Virginian-Pilot'' is the daily newspaper for Hampton Roads, Virginia. Commonly known as ''The Pilot'', it is Virginia's largest daily. It serves the five cities of South Hampton Roads as well as several smaller towns across southeast Virgi ...
'', the ''
Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is advertised as the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and ...
'', additional titles in
Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...
and
Virginia
Virginia, officially the Commonwealth of Virginia, is a U.S. state, state in the Southeastern United States, Southeastern and Mid-Atlantic (United States), Mid-Atlantic regions of the United States between the East Coast of the United States ...
, syndication operations, and websites. It also publishes several local newspapers in its metropolitan regions, which are organized in subsidiary groups.
Incorporated in 1847 with the founding of the ''Chicago Tribune'', Tribune Publishing operated as a division of the
Tribune Company
Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois.
Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 ...
, 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
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...
Alden Global Capital on May 21, 2021.
The transaction officially closed on May 25.
Prior to this acquisition, Tribune Publishing was the nation's third-largest newspaper publisher (behind
Gannett
Gannett Co., Inc. ( ) is an American mass media holding company headquartered in New York City. It is the largest U.S. newspaper publisher as measured by total daily circulation.
It owns the national newspaper ''USA Today'', as well as several ...
and
the McClatchy Company
McClatchy Media Company, or simply McClatchy and MCC, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, United States, and known as The McClatchy Company, it b ...
), with eleven daily newspapers and
commuter
Commuting is periodically recurring travel between a place of residence and place of work or study, where the traveler, referred to as a commuter, leaves the boundary of their home community. By extension, it can sometimes be any regular o ...
tabloids throughout the United States. With the acquisition, Alden Global Capital became the second-largest newspaper publisher in the United States.
History
Early history
Tribune Publishing's history dates back to 1847, when the ''
Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and ...
'' (for which the company and its former parent, Tribune Media, are named) published its first edition on June 10 of that year, in a one-room plant at
LaSalle and
Lake
A lake is often a naturally occurring, relatively large and fixed body of water on or near the Earth's surface. It is localized in a basin or interconnected basins surrounded by dry land. Lakes lie completely on land and are separate from ...
Streets in Chicago.
The ''Tribune'' constructed its first building, a four-story structure at Dearborn and
Madison streets, in 1869; however the building was destroyed, along with most of the city, by the
Great Chicago Fire
The Great Chicago Fire was a conflagration that burned in the American city of Chicago, Illinois during October 8–10, 1871. The fire killed approximately 300 people, destroyed roughly of the city including over 17,000 structures, and left mor ...
in October 1871. The ''Tribune'' resumed printing two days later with an editorial declaring "Chicago Shall Rise Again". The newspaper's editor and part-owner,
Joseph Medill
Joseph Medill (April 6, 1823 – March 16, 1899) was a Canadian-American newspaper editor, publisher, and Republican Party (United States), Republican Party politician. He was co-owner and managing editor of the ''Chicago Tribune'', and he was M ...
, was elected mayor and led the city's reconstruction. A native
Ohio
Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...
an who first acquired an interest in the ''Tribune'' in 1855, Medill gained full control of the newspaper in 1874 and ran it until his death in 1899.
Medill's two grandsons, cousins
Robert R. McCormick and
Joseph Medill Patterson, assumed leadership of the company in 1911. That same year, the ''Chicago Tribune''s first newsprint mill opened in
Thorold, Ontario, Canada. The mill marked the beginnings of the Canadian newsprint producer later known as QUNO, in which Tribune held an investment interest until 1995. The
Chicago Tribune-New York News Syndicate was formed in 1918, leading to Joseph Patterson's establishment of the company's second newspaper, the ''
New York Daily News
The ''Daily News'' is an American newspaper based in Jersey City, New Jersey. It was founded in 1919 by Joseph Medill Patterson in New York City as the ''Illustrated Daily News''. It was the first U.S. daily printed in Tabloid (newspaper format ...
'' on June 26, 1919. Tribune's ownership of the New York City tabloid was considered "interlocking" due to an agreement between McCormick and Patterson.
Expansion
The company acquired the Fort Lauderdale-based ''
Sun-Sentinel'' newspaper in 1963; this was later followed by its purchase of the ''
Orlando Sentinel
The ''Orlando Sentinel'' is the primary newspaper of Orlando, Florida, and the Central Florida region, in the United States. It was founded in 1876 and is currently owned by Tribune Publishing Company.
The ''Orlando Sentinel'' is owned by pare ...
'' in 1965. In 1973, the company began sharing stories among 25 subscriber newspapers via the newly formed
news service, the Knight News Wire. By 1990, this service was known as Knight-Ridder/Tribune and provided graphics, photo, and news content to its member newspapers. KRT became McClatchy-Tribune Information Services, which is owned by the Tribune Company and McClatchy, when
The McClatchy Company
McClatchy Media Company, or simply McClatchy and MCC, is an American publishing company incorporated under Delaware's General Corporation Law. Originally based in Sacramento, California, United States, and known as The McClatchy Company, it b ...
purchased
Knight-Ridder Inc. in 2006.
[ Tribune later acquired the Newport News, Virginia-based '' Daily Press'' in 1986. In the wake of a dispute with some of its labor unions, the ''New York Daily News'' was sold to British businessman ]Robert Maxwell
Ian Robert Maxwell (born Ján Ludvík Hyman Binyamin Hoch; 10 June 1923 – 5 November 1991) was a Czechoslovakia, Czechoslovak-born British media proprietor, politician and fraudster.
After escaping the German occupation of Czechoslovakia, ...
in 1991.[
In June 2000, Tribune acquired the Los Angeles-based ]Times Mirror Company
The Times Mirror Company was an American newspaper and print media publisher from 1884 until 2000.
History
It had its roots in the Mirror Printing and Binding House, a commercial printing company founded in 1873, and the ''Los Angeles Times'' ...
in a merger deal worth $8.3 billion, which was the largest acquisition in the history of the newspaper industry. The merger added seven daily newspapers to Tribune's portfolio, including the ''Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of new ...
'', the Long Island-based ''Newsday
''Newsday'' is a daily newspaper in the United States primarily serving Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI" ...
'', ''The Baltimore Sun
''The Baltimore Sun'' is the largest general-circulation daily newspaper based in the U.S. state of Maryland and provides coverage of local, regional, national, and international news.
Founded in 1837, the newspaper was owned by Tribune Publi ...
'', and the ''Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is advertised as the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and ...
''. Tribune Media Net, the national advertising sales organization of Tribune Publishing, was established in 2000 to take advantage of the company's expanded scale and scope.
Later in the decade, Tribune launched daily newspapers targeting urban commuters, including the ''Chicago Tribune'' ''RedEye
''RedEye'' was a publication put out by the ''Chicago Tribune'' geared toward 18 to 34-year-olds. It was published every weekday since its inception in 2002 until February 3, 2017. Publication was reduced to weekly starting February 9, 2017. ...
'' edition in 2002, followed by an investment in ''AM New York
''amNewYork'' is a free daily newspaper that is published in New York City by Schneps Media. According to the company, the average Friday circulation in September 2013 was 335,900. When launched on October 10, 2003, it was the first free daily n ...
'' one year later. In 2006, Tribune acquired the minority equity interest in ''AM New York'', giving it full ownership of the newspaper. The company sold both ''Newsday'' and ''AM New York'' to Cablevision Systems Corporation in 2008, with the sale of the latter paper closing on July 29 of that year.
Takeover by Sam Zell and bankruptcy
On April 2, 2007, Chicago-based investor Sam Zell announced plans to buy out the Tribune Company for $34.00 a share, totaling $8.2 billion,[ with intentions to take the company private. The deal was approved by 97% of the company's shareholders on August 21, 2007. Privatization of the Tribune Company occurred on December 20, 2007, with Tribune's stock listing being terminated at the close of the trading day.
On December 8, 2008, faced with a high debt load totaling $13 billion, related to the company's ]leveraged buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...
and subsequent privatization, and a sharp downturn in newspaper advertising revenue, Tribune filed for Chapter 11 bankruptcy protection
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, wh ...
in what was the largest bankruptcy in the history of the American media industry. Company plans called for it to emerge from bankruptcy by May 31, 2010,[ but the company would end up in protracted bankruptcy proceedings for four years.
On July 13, 2012, the Tribune Company received approval of a reorganization plan to allow the company to emerge from Chapter 11 bankruptcy protection in a ]Delaware
Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...
bankruptcy court. Oaktree Capital Management, JPMorgan Chase
JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...
and Angelo, Gordon & Co., which were the company's senior debt holders, assumed control of Tribune's properties upon the company's exit from bankruptcy on December 31, 2012.
Spin-off of publishing unit
On February 26, 2013, Tribune reportedly hired investment firms Evercore Partners
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisitio ...
and J.P. Morgan & Co. to oversee the sale of its newspapers. On July 10, 2013, Tribune announced that it would split into two companies, spinning off its publishing division into the Tribune Publishing Company. Its broadcasting, digital media and other assets (including GraceNote) would remain with the Tribune Company. On November 20, 2013, Tribune announced it would cut 700 jobs from its newspaper properties due to declining advertising revenues.
On June 17, 2014, in a presentation for lenders, Tribune revealed that it had set August 4 as the target date for its spin-off of Tribune Publishing.[ 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.]
Post spin-off
Tribune Publishing acquired six suburban daily and 32 weekly newspapers in the Chicago Metropolitan Area
The Chicago metropolitan area, also referred to as Chicagoland, is the largest metropolitan statistical area in the U.S. state of Illinois, and the Midwest, containing the City of Chicago along with its surrounding suburbs and satellite cities. ...
in October 2014. These acquisitions were similar in strategy to earlier acquisitions in the state of Maryland, expanding its footprint in its eight "core markets".
On May 7, 2015, Tribune Publishing announced that it had reached a deal to acquire the '' San Diego Union-Tribune'' and its associated properties for $85 million, ending the paper's 146 years of private ownership. Following the completion of the acquisition, the ''Union-Tribune'' and the ''Los Angeles Times'' became part of a new operating entity known as the California News Group, led by ''Times'' publisher and CEO Timothy E. Ryan. The two California papers retained distinct operations, but sought a synergy with content sharing between them.
In April 2016, Gannett Company
Gannett Co., Inc. ( ) is an American mass media holding company headquartered in New York City. It is the largest U.S. newspaper publisher as measured by total daily circulation.
It owns the national newspaper ''USA Today'', as well as severa ...
(which, much like Tribune, had spun out its broadcasting properties into a separate firm to focus on publishing assets) made an unsolicited bid to acquire Tribune Publishing for $12.25 per-share, or around $400 million. This deal was rejected by Tribune's shareholders in May 2016; in turn, Gannett increased its offer to around $15 per-share (around $800 million). On May 17, 2016, Tribune chairman Michael Ferro stated that he intended to make a bid to acquire Gannett instead.
On November 1, 2016, Gannett announced that it would no longer pursue its acquisition of Tronc.
''tronc'' era
On June 2, 2016, the company announced that it would rebrand itself as ''tronc'', short for "Tribune online content". The rebranding took place on June 20, 2016. Tronc began trading on NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
under the symbol TRNC. In June 2018, the Tribune Company announced that it would no longer be referred to as Tronc and would instead henceforth be called "Tribune Publishing".
At the time in 2016 that the company moved into calling itself ''tronc'', chief technology officer Malcolm CasSelle and chief digital officer Anne Vasquez announced to employees initiatives in content optimization, machine learning
Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task ( ...
, artificial intelligence
Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...
, and increasing the amount of video to 50% of all content by 2017, in an effort to increase reader engagement and ad revenue. The company also introduced a new slogan, ''From Pixels to Pulitzers''. The video announcement was derided in social and print media as full of buzzwords and lacking substance. On August 7, 2016, while criticising several aspects of a corporate restructuring that went along with the rebranding (for instance a shift of focus away from hard news towards usage maximization, which he perceived as undue), satirist John Oliver
John William Oliver (born 23 April 1977) is a British and American comedian who hosts ''Last Week Tonight with John Oliver'' on HBO. He started his career as a stand-up comedian in the United Kingdom and came to wider attention for his work ...
mocked this new name as "the sound an ejaculating elephant makes", and (ironically) "the sound of a stack of newspapers hitting a dumpster." ''The Verge
''The Verge'' is an American Technology journalism, technology news website headquarters, headquartered in Lower Manhattan, New York City and operated by Vox Media. The website publishes news, feature stories, guidebooks, product reviews, cons ...
'' said, "Sounds like a Millennial falling down the stairs."
On March 13, 2017, tronc announced that it would license Arc, the content management system
A content management system (CMS) is computer software used to manage the creation and modification of digital content ( content management).''Managing Enterprise Content: A Unified Content Strategy''. Ann Rockley, Pamela Kostur, Steve Manning. New ...
of ''The Washington Post
''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...
''.
On September 4, 2017, tronc announced that it had acquired the New York ''Daily News''. Having been established in 1919 by the Chicago Tribune-New York News Syndicate, the ''Daily News'' had been owned by the Tribune Company before its sale to Robert Maxwell
Ian Robert Maxwell (born Ján Ludvík Hyman Binyamin Hoch; 10 June 1923 – 5 November 1991) was a Czechoslovakia, Czechoslovak-born British media proprietor, politician and fraudster.
After escaping the German occupation of Czechoslovakia, ...
in 1991 and then to Mortimer Zuckerman in 1993. Tronc purchased the ''Daily News'' for $1 plus the assumption of its liabilities. On July 23, 2018, tronc announced massive layoffs at the paper, and ousted its editor in chief.
On February 7, 2018, tronc announced the sale of its California properties (''Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of new ...
'', ''San Diego Union-Tribune'') to Patrick Soon-Shiong for $500 million, with the buyer also assuming of $90 million in pension liabilities. The sale closed on June 18 that year and Tribune Publishing announced at the time that it would no longer be referred to as ''tronc''.[
]
Tribune Publishing
On June 19, 2018, it was reported that tronc would revert its name back to Tribune Publishing; this would be confirmed by the company in October of that year. In July 2018 tronc moved their headquarters from Tribune Tower several blocks south to One Prudential Plaza.
In January 2019, Tribune announced that industry veteran Timothy P. Knight would succeed Justin Dearborn as CEO. Dearborn had served as CEO since 2016. The company's board of directors also elected former Congressman and chairman of the House Rules Committee David Dreier to succeed Dearborn as chairman.
In December 2019, Alden Global Capital, a New York City-based hedge fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...
, acquired a 32% stake in shares of Tribune Publishing Company.
In February 2020, Dreier and Knight stepped down as chairman and CEO, respectively. Knight was replaced by the chief financial officer, Terry Jimene
Tribune Publishing CEO Tim Knight steps down in management shake-up
In 2020, during the COVID-19 pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...
, Tribune Publishing closed a number of its papers' newsrooms, including those of: the ''New York Daily News
The ''Daily News'' is an American newspaper based in Jersey City, New Jersey. It was founded in 1919 by Joseph Medill Patterson in New York City as the ''Illustrated Daily News''. It was the first U.S. daily printed in Tabloid (newspaper format ...
'', '' The Morning Call'', the ''Orlando Sentinel
The ''Orlando Sentinel'' is the primary newspaper of Orlando, Florida, and the Central Florida region, in the United States. It was founded in 1876 and is currently owned by Tribune Publishing Company.
The ''Orlando Sentinel'' is owned by pare ...
'', the '' Carroll County Times'', the ''Capital Gazette
Capital Gazette Communications owned by Tribune Publishing through its subsidiary the Baltimore Sun Media Group, publishes the daily ''The Capital'' and the twice-weekly '' Maryland Gazette'' newspapers and the weeklies '' Bowie Blade-News'' and ...
'' and the ''Hartford Courant
The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is advertised as the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and ...
''.
Acquisition by Alden
Tribune Publishing was acquired by hedge fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...
Alden Global Capital (Alden) for $635 million, giving its final approval on May 21, 2021, with the transaction officially closing on May 25, 2021, taking the company private.[
In December 2019, Alden acquired a 32% stake in shares of Tribune Publishing Company.] Most of its stake was purchased from Michael Ferro at $13 a share. Considering what it paid for other tranches, the average price Alden paid for its shares of Tribune Publishing stock is around $12.75. It is offering $17.25/share. Tribune Publishing announced in February 2021 that it had agreed to be wholly acquired by Alden, and the final approval came in May.
A key element in concluding the sale to Alden was the decision by Patrick Soon-Shiong, who owned 24% of the company's stock, to abstain from the May 21 shareholder vote.[
In early April 2021, Tribune Publishing announced that it has entered into serious discussions with an alternative pair of suitors for an amount higher than its deal with Alden. The new bidders were Stewart W. Bainum Jr. and Hansjörg Wyss.] This deal would have amounted to an overall bid of $680 million, or $18.50/share, in contrast to the $635 million offer from Alden.[
The Bainum/Wyss acquisition offer came about when Bainum's offer to purchase the '' Baltimore Sun'' from Alden once it completed its acquisition of Tribune Publishing fell apart. The ''Sun'' deal fell apart on March 12 when Bainum became convinced that Alden was smuggling extra costs and fees into its deal with him that violated what he thought he had agreed to. He had agreed to purchase the ''Sun'' for $65 million, along with payments on a transitional-services agreement. The transitional-services agreement would have involved payments from the ''Sun'' to Alden for logistical aspects of running the business including its payroll and circulation departments and national and digital sales unit. Bainum believed he had negotiated a deal for two years of transitional services, with a 30-day exit clause. Instead, he was asked to commit to a five-year agreement with no possibility of an early exit. Bainum took umbrage and, instead, put together a competing bid to purchase the entirety of Tribune Publishing.
Poynter.org observed that fears about the potential Alden acquisition may have obscured that staffing levels at Tribune Publishing's nine metropolitan newspapers fell 30.4% from 2019 to 2020. They write, "Employees and local readers are concerned that Alden would make deep cuts to Tribune if it bought the company. But it seems that's already happening."
Hansjörg Wyss announced the third week of April that he was withdrawing from acquisition talks. Shortly thereafter, Tribune Publishing said that it was ending its conversations with Stewart W. Bainum Jr. because they believed that this possible deal could not reasonably be expected, in the absence of Wyss, to lead to a "superior proposal". Wyss had been expected to contribute $505 million to the transaction, with $100 million coming from Bainum.][
Bainum had until the end of the first week in May to submit a better proposal. Tribune Publishing's shareholders voted on a final deal on May 21. Bainum's difficulty in putting together a deal was said to be his inability to find a purchaser for the '']Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and ...
'', which is the largest and most expensive of the metropolitan daily newspapers owned by Tribune Publishing. In the wake of the May 21 finalized sale, Bainum expressed continued interest in purchasing the ''Baltimore Sun'' and indicated that if he is unable to do so, he might invest a significant sum in creating a digital alternative.[
Immediately upon the close of the transaction, the ''New York Daily News'' was transferred by Alden to a separate company, Daily News Enterprises, also owned by Alden.]
On January 15, 2024, the company sold ''The Baltimore Sun'' to David D. Smith, executive chairman of Sinclair Broadcast Group
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb o ...
. The purchase price was not immediately disclosed.
In February 2024, Tribune Publishing announced it will layoff about 200 employees from the Freedom Center printing plant in Chicago. The plant will close and be demolished as the property was sold to be used as the site of a casino. Printing operations will be moved to the Paddock Printing Center in Schaumburg, which was acquired by a subsidiary of Alden in May 2023.
Publications owned
Current
Newspapers
* ''Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and ...
'' (Chicago, Illinois)
** '' Daily Southtown'' (Chicago, Illinois)
** '' Post-Tribune'' ( Merrillville, Indiana)
** '' Naperville Sun'' (Naperville, Illinois
Naperville ( ) is a city in DuPage County, Illinois, DuPage and Will County, Illinois, Will counties in the U.S. state of Illinois. It is a southwestern suburb of Chicago located west of the city on the DuPage River. As of the 2020 United State ...
)
** ''Elgin Courier-News'' (Elgin, Illinois
Elgin ( ) is a city in Cook County, Illinois, Cook and Kane County, Illinois, Kane counties in the U.S. state of Illinois. It is located northwest of Chicago along the Fox River (Illinois River tributary), Fox River. As of the 2020 United Stat ...
)
** ''The Beacon-News'' (Aurora, Illinois
Aurora is a city in northeastern Illinois, United States. It is located along the Fox River (Illinois River tributary), Fox River west of Chicago. It is the List of municipalities in Illinois, second-most populous city in Illinois, with a popul ...
)
** '' Lake County News-Sun'' (Gurnee, Illinois
Gurnee ( ) is a Village (United States), village and suburb in Lake County, Illinois, United States. Its population was 30,706 as of the 2020 census. It borders the city of Waukegan, Illinois, Waukegan, and is a popular tourist attraction within ...
)
** '' Pioneer Press''
*** ''Barrington Courier-Review''
*** ''Buffalo Grove Countryside''
*** ''Deerfield Review''
*** ''The Doings Clarendon Hills''
*** ''The Doings Hinsdale''
*** ''The Doings La Grange''
*** ''The Doings Oak Brook''
*** ''The Doings Weekly''
*** ''The Doings Western Springs''
*** ''Elm Leaves''
*** ''Evanston Review''
*** ''Forest Leaves''
*** ''Franklin Park Herald Journal''
*** ''Glencoe News''
*** ''Glenview Announcements''
*** ''Highland Park News''
*** ''Lake Forester''
*** ''Lake Zurich Courier''
*** ''Libertyville Review''
*** ''Lincolnshire Review''
*** ''Lincolnwood Review''
*** ''Morton Grove Champion''
*** ''Mundelein Review''
*** ''Niles Herald-Spectator''
*** ''Norridge Harwood Heights News''
*** ''Northbrook Star''
*** ''Oak Leaves''
*** ''Park Ridge Herald Advocate''
*** ''Skokie Review''
*** ''Vernon Hills Review''
*** ''Wilmette Life''
*** ''Winnetka Talk''
* '' Sun Sentinel'' (Fort Lauderdale
Fort Lauderdale ( ) is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and most populous city in Broward County with a population of 182,760 at the 2020 census, making it ...
, Florida)
** ''Boca Times'' (Boca Raton, Florida
Boca Raton ( ; ) is a city in Palm Beach County, Florida, United States. The population was 97,422 in the 2020 United States census, 2020 census and it ranked as the 23rd-largest city in Florida in 2022. Many people with a Boca Raton Address, ...
; Highland Beach, Florida)
** '' El Sentinel del Sur de la Florida'' (Fort Lauderdale, Florida)
** ''Florida Jewish Journal''
** ''Delray Sun'' ( Delray Beach, Florida; Gulf Stream, Florida)
** ''Gateway Gazette'' ( Boynton Beach, Florida; Lantana, Florida; Hypoluxo, Florida; Atlantis, Florida; South Palm Beach, Florida; Ocean Ridge, Florida; Manalapan, Florida; Briny Breezes, Florida)
** ''Glades Gazette'' ( Miramar, Florida; Pembroke Pines, Florida
Pembroke Pines is a city in southern Broward County, Florida, United States. The city is located 22 miles (35 km) north of Miami. It is a suburb of and the fourth-most populous city in the Miami metropolitan area. The population of Pembroke ...
; Weston, Florida; Southwest Ranches, Florida)
** ''Pier Review'' (Deerfield Beach, Florida
Deerfield Beach is a city in Broward County, Florida, United States, just south of the Palm Beach County, Florida, Palm Beach County line. As of the 2020 United States census, 2020 census, the population was 86,859, making it the Broward County# ...
; Pompano Beach, Florida
Pompano Beach ( ) is a city in Broward County, Florida, United States. It is located along the coast of the Atlantic Ocean, just north of Fort Lauderdale, Florida, Fort Lauderdale and 36 miles north of Miami. The nearby Hillsboro Inlet forms part ...
; Lighthouse Point, Florida; Hillsboro Beach, Florida)
** ''Riverside Times'' (Fort Lauderdale, Florida
Fort Lauderdale ( ) is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and most populous city in Broward County, Florida, Broward County with a population of 182,760 at the ...
; Oakland Park, Florida; Wilton Manors, Florida; Lauderdale-by-the-Sea, Florida; Sea Ranch Lakes, Florida)
** ''Sawgrass Sun'' ( Plantation, Florida; Sunrise, Florida
Sunrise is a city in central-western Broward County, Florida, Broward County, Florida, United States, and is a principal city of the Miami metropolitan area. The population was 97,335 at the time of the 2020 census.
History
Early history
In ...
; Lauderhill, Florida; Tamarac, Florida; North Lauderdale, Florida; Lauderdale Lakes, Florida)
** ''The Forum'' ( Coral Springs, Florida; Coconut Creek, Florida; Margate, Florida
Margate is a city in Broward County, Florida, United States. The city of Margate is part of the Miami metropolitan area. As of the 2020 United States census, 2020 census, the city had a population of 58,712.
History
Margate was founded in the ...
; North Lauderdale, Florida; Parkland, Florida
Parkland is a city in northern Broward County, Florida, United States. It is a suburb of Miami and located north of the city. As of the 2020 census, the population of Parkland was 34,670. Parkland is part of the Miami metropolitan area, which ...
)
** ''The Trailblazer'' ( Davie, Florida; Cooper City, Florida; Southwest Ranches, Florida)
** ''The Villager'' ( Wellington, Florida; Royal Palm Beach, Florida; Greenacres, Florida; Loxahatchee Groves, Florida; Westlake, Florida; The Acreage, Florida)
** ''West Boca Times'' ( West Boca Raton, Florida)
* ''Orlando Sentinel
The ''Orlando Sentinel'' is the primary newspaper of Orlando, Florida, and the Central Florida region, in the United States. It was founded in 1876 and is currently owned by Tribune Publishing Company.
The ''Orlando Sentinel'' is owned by pare ...
'' (Orlando, Florida
Orlando ( ) is a city in and the county seat of Orange County, Florida, United States. The city proper had a population of 307,573 at the 2020 census, making it the fourth-most populous city in Florida behind Jacksonville, Florida, Jacksonville ...
)
** '' El Sentinel'' (Orlando, Florida)
* ''The Virginian-Pilot
''The Virginian-Pilot'' is the daily newspaper for Hampton Roads, Virginia. Commonly known as ''The Pilot'', it is Virginia's largest daily. It serves the five cities of South Hampton Roads as well as several smaller towns across southeast Virgi ...
'' (Norfolk, Virginia
Norfolk ( ) is an independent city (United States), independent city in the U.S. state of Virginia. It had a population of 238,005 at the 2020 United States census, 2020 census, making it the List of cities in Virginia, third-most populous city ...
)
** '' Inside Business'' (Norfolk, Virginia
Norfolk ( ) is an independent city (United States), independent city in the U.S. state of Virginia. It had a population of 238,005 at the 2020 United States census, 2020 census, making it the List of cities in Virginia, third-most populous city ...
)
**
AltDaily
' (Norfolk, Virginia)
* '' The Hartford Courant'' (Hartford, Connecticut
Hartford is the List of capitals in the United States, capital city of the U.S. state of Connecticut. The city, located in Hartford County, Connecticut, Hartford County, had a population of 121,054 as of the 2020 United States census, 2020 ce ...
)
**'' ReminderNews''
* '' The Morning Call'' (Allentown, Pennsylvania
Allentown (Pennsylvania Dutch language, Pennsylvania Dutch: ''Allenschteddel'', ''Allenschtadt'', or ''Ellsdaun'') is a city in eastern Pennsylvania, United States. The county seat of Lehigh County, Pennsylvania, Lehigh County, it is the List o ...
)
* '' Daily Press'' (Newport News, Virginia
Newport News () is an Independent city (United States), independent city in southeastern Virginia, United States. At the 2020 United States census, 2020 census, the population was 186,247. Located in the Hampton Roads region, it is the List of c ...
)
** '' The Virginia Gazette'' (Williamsburg, Virginia
Williamsburg is an Independent city (United States), independent city in Virginia, United States. It had a population of 15,425 at the 2020 United States census, 2020 census. Located on the Virginia Peninsula, Williamsburg is in the northern par ...
)
** ''The Tidewater Review''
Commuter tabloids
* ''Tribune News Service''
Magazines
* ''City & Shore Magazine''
* '' Chicago Magazine''
* ''Hartford Magazine''
* ''Naperville Magazine''
* ''Polo Equestrian of the Palm Beaches''
* ''Prime Magazine''
* ''South Florida Parenting''
* ''Williamsburg Magazine''
Websites
* The Daily Meal
* The Active Times
* Military News
* Metromix
Metromix LLC was a Chicago entertainment website at Chicago.Metromix.com, owned by the ''Chicago Tribune'' division of Tribune Publishing. It served the Chicago metropolitan area
The Chicago metropolitan area, also referred to as Chicagola ...
* Pro Soccer USA
Syndication agency
* Tribune Content Agency
Former
* ''AM New York
''amNewYork'' is a free daily newspaper that is published in New York City by Schneps Media. According to the company, the average Friday circulation in September 2013 was 335,900. When launched on October 10, 2003, it was the first free daily n ...
'' (New York, New York; 2003–2008)
* ''The Capital
''The Capital'' (also known as ''Capital Gazette'' as its online nameplate and informally, while the Sunday edition is called ''The Sunday Capital'') is a daily newspaper published by Capital Gazette Communications in Annapolis, Maryland, to ...
'' (Annapolis, Maryland
Annapolis ( ) is the capital of the U.S. state of Maryland. It is the county seat of Anne Arundel County and its only incorporated city. Situated on the Chesapeake Bay at the mouth of the Severn River, south of Baltimore and about east ...
)
** ''Maryland Gazette
''The Gazette'', founded in 1727 as ''The Maryland Gazette'', is one of the oldest newspapers in America. Its modern-day descendant, ''The Capital,'' was acquired by The Baltimore Sun Media Group in 2014. Previously, it was owned by the Capita ...
''
** ''Bowie Blade'' (Bowie, Maryland
Bowie () is a city in Prince George's County, Maryland, United States. Per the 2020 United States census, 2020 census, the population was 58,329. Bowie has grown from a small railroad stop to the largest municipality in Prince George's County; i ...
)
** ''Crofton-West County Gazette'' ( Crofton, Maryland)
* '' Baltimore Sun'' (Baltimore
Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-large ...
, Maryland; 2000-2021)
** '' Carroll County Times'' (Westminster, Maryland
Westminster is a city in and the county seat of Carroll County, Maryland, United States. The city's population was 19,960 at the 2020 United States census, 2020 census. Westminster is an outlying community in the Baltimore metropolitan area, whic ...
)
* ''Newsday
''Newsday'' is a daily newspaper in the United States primarily serving Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI" ...
'' ( Melville, New York; 2000–2008)
** 8 community weeklies
*'' Hoy'' (Los Angeles and San Diego (with an edition in north Baja California), California; 2000−2018)
* ''Los Angeles Times
The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of new ...
'' (Los Angeles, California; 2000–2018)
** '' Daily Pilot'' (Newport Beach, California
Newport Beach is a coastal city of about 85,000 in southern Orange County, California, United States. Located about southeast of downtown Los Angeles, Newport Beach is known for its sandy beaches. The city's harbor once supported maritime indu ...
)
** '' Burbank Leader'' (Burbank, California
Burbank is a city in the southeastern end of the San Fernando Valley in Los Angeles County, California, United States. Located northwest of downtown Los Angeles, Burbank had a Census-estimated population of 102,755 as of 2023. The city was ...
)
** '' Glendale News Press'' (Glendale, California
Glendale is a city located primarily in the Verdugo Mountains region, with a small portion in the San Fernando Valley, of Los Angeles County, California, United States. It is located about north of downtown Los Angeles.
As of 2024, Glendale ha ...
)
** ''La Canada Valley Sun'' ( La Canada Flintridge, California)
* ''RedEye
''RedEye'' was a publication put out by the ''Chicago Tribune'' geared toward 18 to 34-year-olds. It was published every weekday since its inception in 2002 until February 3, 2017. Publication was reduced to weekly starting February 9, 2017. ...
'' (Chicago, Illinois)
* ''New York Daily News
The ''Daily News'' is an American newspaper based in Jersey City, New Jersey. It was founded in 1919 by Joseph Medill Patterson in New York City as the ''Illustrated Daily News''. It was the first U.S. daily printed in Tabloid (newspaper format ...
'' (New York City; 1919-1993, 2017-2021)
* '' San Diego Union-Tribune'' (San Diego, California; 2015–2018)
** 8 community weeklies
References
External links
*
{{Portal bar, Companies, Books, Writing, United States
Newspaper companies of the United States
Newspaper companies in Chicago
Companies based in Chicago
Chicago Tribune
Publishing companies established in 1847
1847 establishments in Illinois
Publishing companies established in 2014
Companies formerly listed on the Nasdaq
2014 establishments in Illinois
American companies established in 2014
Corporate spin-offs
2021 mergers and acquisitions