Newspaper chain owned by hedge fund buys 4 Pennsylvania dailies

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Newspaper chain owned by hedge fund buys 4 Pennsylvania dailies
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A Pennsylvania media conglomerate sold its four daily newspapers, including The Times-Tribune of Scranton, to publishing powerhouse MediaNews Group on...

SCRANTON, Pa. — 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 of local ownership.

The other papers in the sale are The Citizens’ Voice of Wilkes-Barre, the Republican Herald of Pottsville, and the Standard-Speaker, as well as Times-Shamrock’s weeklies, commercial printing business and other divisions. A majority of Times-Shamrock’s shareholders approved the sale, but some members of the family that controls the company and published the Scranton Times since 1895 expressed their opposition.

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