Associated press l.a. times owner sells san diego union tribune to hedge fund alden global capital alden’s medianews group, known for making deep cutbacks, offers buyouts and may resort to layoffs. Patrick soon shiong and his family purchased the l.a. times and the san diego union tribune from chicago based tribune co. for $500 million in 2018.
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. Published 5:45 pm pdt, july 10, 2023. los angeles (ap) — 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 la times announced last month that it was cutting 74 jobs — 13% of its. The san diego union tribune building in downtown san diego on july 10, 2023. photo by ariana drehsler . san diego’s daily paper of record, the union tribune, was sold by billionaire owner patrick soon shiong and his family to medianews group, owned by alden global capital – a company that has come to be feared across the ever dwindling newspaper landscape. Published 8:00 am pt jul. 11, 2023. los angeles — the owner of the los angeles times has sold the san diego union tribune, the newspapers announced late monday. medianews group purchased the 155 year old paper that has been owned by the times ever since billionaire patrick soon shiong bought both news outlets and formed the california times.
The san diego union tribune building in downtown san diego on july 10, 2023. photo by ariana drehsler . san diego’s daily paper of record, the union tribune, was sold by billionaire owner patrick soon shiong and his family to medianews group, owned by alden global capital – a company that has come to be feared across the ever dwindling newspaper landscape. Published 8:00 am pt jul. 11, 2023. los angeles — the owner of the los angeles times has sold the san diego union tribune, the newspapers announced late monday. medianews group purchased the 155 year old paper that has been owned by the times ever since billionaire patrick soon shiong bought both news outlets and formed the california times. The san diego union tribune has been acquired by an affiliate of alden global capital’s medianews group in a sale by the los angeles times. chris argentieri, president and chief operating. The billionaire owner of the los angeles times, patrick soon shiong, sold the san diego union tribune to medianews group, a chain controlled by the hedge fund alden global capital.
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