Chicago Tribune: Who Owns The Iconic Newspaper?

The Chicago Tribune, a newspaper with a rich history, has seen changes in ownership over the years. Understanding who owns this iconic publication provides insights into its direction and editorial stance.

A History of Ownership

For many years, the Chicago Tribune was owned by the Tribune Company, which later became Tribune Media. This company also owned other major newspapers and television stations across the United States.

Tribune Publishing

In 2014, Tribune Media spun off its publishing assets into a separate company called Tribune Publishing. This new entity retained ownership of the Chicago Tribune along with other newspapers like the Los Angeles Times.

Tronc and Return to Tribune Publishing

Tribune Publishing was renamed Tronc in 2016, a move that was met with considerable skepticism. However, in 2018, the company reverted to the name Tribune Publishing, signaling a return to its core mission of publishing newspapers.

Acquisition by Alden Global Capital

In 2021, Tribune Publishing was acquired by Alden Global Capital, a hedge fund known for its investments in media companies. This acquisition raised concerns about potential cost-cutting measures and their impact on the quality of journalism at the Chicago Tribune.

Concerns and Future Outlook

The acquisition by Alden Global Capital has led to significant discussions about the future of the Chicago Tribune. Many industry observers are closely watching how this ownership change will influence the newspaper's coverage, staffing, and overall direction.

Understanding the ownership of the Chicago Tribune is crucial for anyone interested in the media landscape and the future of journalism in Chicago. The changes in ownership reflect broader trends in the media industry, as traditional newspapers navigate the challenges of the digital age.