LA Times sells San Diego Union-Tribune to MediaNews Group affiliateSAN DIEGO (CNS) – The Los Angeles Times has sold the San Diego Union- Tribune to an affiliate of MediaNews Group, according to a memo sent to staff Monday. The letter from Times president Chris Argentieri states the transaction was completed as of Monday afternoon for Alden Global Capital’s MediaNews Group to purchase San Diego’s long-running newspaper. “We hope that this change now will position both the L.A. Times and San Diego Union-Tribune to succeed,” the memo states. L.A. Times owner Patrick Soon-Shiong was quoted in the letter saying, “The Union-Tribune is a great news organization with a long, distinguished history that I hope will continue to serve the San Diego community for generations to come.”The San Diego Union-Tribune dates back to 1868. It was bought by Tribune Publishing in 2015 and sold along with the L.A. Times to Soon-Shiong in 2018.

Source: Los Angeles Times July 11, 2023 16:39 UTC