Tribune Publishing
American publishing company / From Wikipedia, the free encyclopedia
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Tribune Publishing Company (briefly Tronc, Inc.)[2] is an American newspaper print and online media publishing company. The company, which was acquired by Alden Global Capital in May 2021, has a portfolio that includes the Chicago Tribune, the New York Daily News, the Orlando Sentinel, South Florida's Sun-Sentinel, The Virginian-Pilot, the Hartford Courant, additional titles in Pennsylvania and Virginia, syndication operations, and websites. It also publishes several local newspapers in its metropolitan regions, which are organized in subsidiary groups.
Formerly | Tronc, Inc. (2016–2018) |
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Company type | Subsidiary |
ISIN | US89609W1071 |
Industry | Newspapers and commuter tabloids |
Genre | Publishing |
Founded | June 10, 1847 (176 years ago) (1847-06-10) (original founding, as the Chicago Daily Tribune) August 4, 2014 (9 years ago) (2014-08-04) (as Tribune Publishing Company) |
Headquarters | Chicago, Illinois , United States |
Key people |
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Revenue | $983.1 million USD (2019) |
$4.8 million USD (2019) | |
Total assets | $682.3 million USD (2019) |
Number of employees | 4,114 (2019) |
Parent | Alden Global Capital |
Website | www |
Footnotes / references [1] |
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.[3][4][5] The transaction officially closed on May 25.[6][7] 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, Alden Global Capital became the second-largest newspaper publisher in the United States.[8]