The owner of the Los Angeles Times has sold sister paper The San Diego Union-Tribune to MediaNews Group, which owns hundreds of papers around the country,...
LOS ANGELES — The owner of the Los Angeles Times has sold sister paper The San Diego Union-Tribune to MediaNews Group, which owns hundreds of papers around the country, the paper announced Monday.
The decision comes after the L.A. Times announced last month that it was cutting 74 jobs — 13% of its newsroom positions — to deal with financial difficulties. The L.A. Times and Union-Tribune were purchased in 2018 by billionaire Patrick Soon-Shiong and his family for $500 million from Chicago-based Tribune Publishing. The Union-Tribune sale was completed Monday, according to a memo to staff members from the California Times president and chief executive officer, Chris Argentieri.
“We hope that this change now will position both the L.A. Times and San Diego Union-Tribune to succeed,” he wrote. The company, through its Southern California News Group, also owns the Los Angeles Daily News, Press-Enterprise of Riverside, Daily Breeze, Press-Telegram, San Gabriel Valley Tribune, Pasadena Star-News, Whittier Daily News, San Bernardino Sun, Inland Valley Daily Bulletin and Redlands Daily Facts.
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