Tribune Publishing
Tribune Publishing Company (briefly Tronc, Inc.) 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) |
|---|---|
| Company type | Subsidiary |
| ISIN | US89609W1071 |
| Industry | Newspapers and commuter tabloids |
| Genre | Publishing |
| Founded | June 10, 1847 (original founding, as the Chicago Daily Tribune) August 4, 2014 (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 | |
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. The transaction officially closed on May 25. 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.