A Pennsylvania media conglomerate has sold its four daily newspapers, including The Times-Tribune of Scranton, to publishing powerhouse MediaNews Group, ending nearly 130 years of local ownership. Times-Shamrock Communications CEO
SCRANTON (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.
Times-Shamrock Communications sold its newspaper group, including The Times-Tribune, to publishing giant MediaNews Group effective Thursday, CEO Jim Lewandowski announced.
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.
Times-Shamrock Communications sold its newspaper group, including The Times-Tribune, to publishing giant MediaNews Group effective Thursday, CEO Jim Lewandowski announced.