San Diego Union-Tribune Sold by L.A. Times to MediaNews Group
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 officer of the L.A. Times, confirmed the sale in a statement distributed to staff members and obtained by Variety on Monday. The message included words from owner Patrick Soon-Shiong, who purchased both the Times and Union-Tribune from Tribune Publishing in 2018. “The Union-Tribune is a great news organization with a long, distinguished history that I hope will continue to serve the San Diego community for generations to come,” said Soon-Shiong. “Our intention now is to focus on the ongoing work of transforming the L.A. Times into a self-sustaining institution. Our hometown of Los Angeles and the state of California – really, the West Coast – needs a strong, independent news organization. We believe in the L.A. Times and are committed to its future.”