In this article, we’ll be talking about Tribune Publishing Company in its entirety ranging from where it’s located down to how to get your article published on the platform. In May 21, 2021, Tribune confirmed its sale to hedge fund Alden Global Capital. The transaction officially closed on May 25. Prior to this acquisition, Tribune Publishing was the nation’s third-largest newspaper publisher (behind Gannett and The McClatchy Company), with eleven daily newspapers and commuter tabloids throughout the United States. With the acquisition, it became the second-largest newspaper publisher in the United States. Tribune Publishing Company provides high-quality journalism that informs, inspires and engages local communities.
About Tribune Publishing Company
Tribune Publishing Company is a media company with a major focus on award-winning journalism. It operates local media businesses in eight markets, with its headquarters in Chicago. In addition, the company was incorporated in 1991 and operates as a subsidiary of GateHouse Media, LLC. Also, it goes with eight titles in its eight markets and they include Chicago Tribune, The Baltimore Sun, Orlando Sentinel, South Florida’s Sun-Sentinel, Virginia’s Daily Press and The Virginian Pilot, The Morning Call of Lehigh Valley, Pennsylvania, and the Hartford Courant. At Tribune, contents are created and distributed across several media outlets, with its commitment to integrated marketing, media, business services to consumers and advertisers, including digital solutions and advertising opportunities. Furthermore, Tribune Publishing Company is a major contributor to the media industry. This is evident in the number of employees which is up to 7,100. The average salary of each employee is $72,174 per annum. As a company, they are committed to informing, inspiring and engaging local communities.
Who Owns the Tribune Company?
The Tribune Company was acquired by a new owner, Alden Global Capital in May 2021. This was after Terry Jimenez who had led the company since 2020 opposed the sale of the company to the current owners. Terry was the only Tribune Publishing Board to oppose its sale to Alden Global Capital. In addition, for four years, Terry was the finance chief for the company before he became the CEO. Before the above, there was a ‘management shake-up’ in 2020 two months after Alden Global, a hedge fund that was once called ‘a destroyer of newspapers’ acquired the single largest stake in the company. It then installed two of the eight directors on the board and owned 32% of the shares of the company. Alden who was already known for gutting newsrooms to improve profits became a terror to the insiders. It has the habit of buying newspapers and slashing payroll. As a result, the employees are a bit skeptical about the new owners of the company for the time being.
What Is The Tribune Publishing Company Ranking
The company ranks #52 on the Best Media Companies to Work for in America.
Is Tribune Publishing Publicly Traded?
After the purchase of the company by Alden Global in May, there has not been any other form of public trading of the company. According to Jean Nechvatal, the company’s human resources vice president, the new owners called themselves ‘Tribune Enterprises’.
How Much Does The Tribune Publishing Company Make?
The total asset of the company as of 2019 was 682.3 million USD. The total revenue generated in the first quarter of 2021 was 173.6 million USD. This was opposed to the 206.4 million USD it recorded for the first quarter of 2020. RELATED POST: IDW Publishing Review | Cost, Location, Contact
How Can I Get My Article Published In The Tribune?
To get your article published, you need to send an email to the editor of Tribune Publishing and state precisely that you wish to have your article published on their publication. If you are fortunate enough to get a positive response from them, then, you can proceed to the next item. Write a good and meaningful article that is free from error. Make sure it is properly edited before submission. If it meets their specification, they would publish it. However, what matters the most is their ability to respond to your message. To be on a safer side, ensure you find out their submission guidelines. The more renowned publications might have stricter conditions for submission. Does your article fit into their specifications? Is there something you need to add, including your profile, to give you an edge over other competitors?
How Much Does It Cost To Publish An Article On The Tribune Publishing Company?
If you are lucky to have your article given attention, it costs nothing to get your article published on Tribune Publishing Company.
Careers at the Tribune
The Tribune is dedicated to serving the public in the best possible ways. As a result, it is constantly in need of committed, enthusiastic, talented, and innovative professionals to join the publishing team. Virtually, 7000 employees are employed across the United States working for some of the world’s most iconic brands. In addition, it offers diverse opportunities geared at helping the employees reach their lofty heights in their different careers in such fields as digital, technology, reporting, and sales.
Conclusion
Tribune Publishing has made a name for itself in the media. With the new leaders on board, it is possible to ascend even lofty heights, despite the controversies surrounding it.
