Owners of Scranton Times-Tribune, 3 other Pennsylvania dailies sell to publishing giant
Source: Associated Press
Owners of Scranton Times-Tribune, 3 other Pennsylvania dailies sell to publishing giant
Updated 4:49 PM EDT, August 31, 2023
SCRANTON, Pa. (AP) — A Pennsylvania media conglomerate sold its four daily newspapers, including The Times-Tribune of Scranton, to publishing powerhouse MediaNews Group on Thursday, ending nearly 130 years of local ownership.
Times-Shamrock Communications CEO Jim Lewandowski made the announcement to staff, The Times-Tribune reported.
The other papers in the sale are The Citizens’ Voice of Wilkes-Barre, the Republican Herald of Pottsville, and the (Hazleton) Standard-Speaker, as well as Times-Shamrock’s weeklies, commercial printing business and other divisions.
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MediaNews Group’s parent company is Alden Global Capital, a New York hedge fund that has been buying up newspapers across the country and faced criticism for slashing budgets and cutting jobs.
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Read more: https://apnews.com/article/timesshamrock-scranton-sale-alden-medianews-37611ba0f46097f2a8553a6b35f406a2