Tribune sells Hoy New York

Share this content:

Tribune Publishing, part of the troubled Tribune Co. media empire, has sold Hoy New York, the Spanish-language daily newspaper.

The sale, to Spanish-language newspaper owner ImpreMedia LLC, will let the Chicago-based Tribune focus on its Hoy editions for the Los Angeles and Chicago markets. The deal is expected to close this quarter.

"Although Hoy New York made good progress over the last year, we did not see a path to profitability in this market," Scott C. Smith, president of Tribune Publishing, said in a statement yesterday.

The sale is reflective of the asset realignment and sales within the Tribune family as well as the larger turmoil in the newspaper business because of the Internet's growing appeal to readers and advertisers.

Tribune will continue to publish its Spanish-language newspapers in Orlando and South Florida.

As part of the new strategy, the Los Angeles and Chicago editions of Hoy will be more closely aligned with the Los Angeles Times and the Chicago Tribune, both Tribune newspapers.

This is a 40 Under 40 Profile. Click here to see all profiles as well as previous year's winners.

Loading links....

Sign up to our newsletters

Company of the Week

SK&A is a leading provider of U.S. healthcare information solutions and databases. As part of IMS Health, SK&A researches and maintains contact and profiling data for over 2 million healthcare providers, including 800,000+ prescribers. SK&A's data supports research and marketing initiatives for life sciences, medical device, managed healthcare, direct marketing, publishing, education and more. SK&A's proprietary databases are telephone-verified twice per year from its world class Research Centers. SK&A enables multi-channel marketing and sets the standard for data quality and reliability. SK&A's customers include many of America's most recognized healthcare, publishing and pharmaceutical institutions.

Featured Listings