Tampa Tribune sold for $9.5 million

Bamadog · Oct 23, 2012

reformedhack said:

The Big Ragu said:

The bigger concern with this acquisition, if you work for the paper or are interested for whatever reason, would be that these guys don't seem to have much of a track record of doing anything. What do they know about newspapers, and what is their plan for creating that modest boost in revenue stream - presumably to turn around and resell at a profit?
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For me, here are the two money quotes from the Tribune's story about the sale:

Tribune publisher Bill Barker: "This deal gives us the opportunity to do what makes sense for this local market. It gives us the ability to be outwardly focused and not worry about how some larger corporation leverages us."

Revolution Capital founder and managing partner Robert Loring: The Tribune "checked many of the boxes we were looking for in terms of our criteria. ... We are definitely in this for the long haul. We don't flip businesses."

As an alumnus of Mother Trib, I find a little bit of comfort in those statements. I know the current employees, while rightly skeptical, do as well and are breathing a lot easier as of yesterday.

http://www2.tbo.com/news/news/2012/oct/08/19/the-los-angeles-based-revolution-capital-group-bou-ar-525649/
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That's good news. I just wonder about the fate of satellite papers, like Highlands Today (I'm an alumnus) after this sale.

FileNotFound · Nov 9, 2012

Duke Maas quits as editor: http://www.tampabay.com/features/media/tampa-tribune-executive-editor-richard-duke-maas-leaving/1260589

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Tampa Tribune sold for $9.5 million

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Tampa Tribune sold for $9.5 million

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