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Tribune Publishing Invests in Tabloid
Newspaper for Young, Urban Commuters in New York City
Free publication
called “amNewYork” will debut in fourth quarter
CHICAGO, September 16, 2003
-- Tribune Publishing (NYSE:TRB) today
announced that it is investing in amNewYork, a new daily newspaper
in New York City that will target young, urban commuters.
The free publication will be available Monday through Friday
beginning in the fourth quarter of 2003.
" New York is a great newspaper city. The size and demographics
of the commuter market make this an attractive investment,"
said Jack Fuller, Tribune Publishing president. "It is
an exciting addition to our New York portfolio, which includes
not only Newsday and WPIX-TV (WB11), but also Hoy, New York’s
largest Spanish-language daily, our southern Connecticut dailies
Greenwich Time and The Advocate, and Distinction magazine."
The amNewYork management team is led by Russel Pergament,
who will be the publisher of the new tabloid. He is a veteran
advertising executive who brings more than 30 years experience
in publishing. He was a founding partner of TAB weekly newspapers
that service the greater Boston metropolitan area and the
founding publisher of Boston Metro.
"Tribune is a great partner with well-established
media properties in the New York metropolitan area,"
said Pergament. "With our commitment to urban commuters,
we plan to provide news and information relevant to young
readers’ everyday lives and create a targeted advertising
alternative for marketers."
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Tribune Publishing is the leading U.S.
major-market newspaper group, with the third-largest total
circulation. The company operates 13 leading daily newspapers:
Los Angeles Times; Chicago Tribune; Newsday (Long Island,
N.Y.); The Sun (Baltimore); South Florida Sun-Sentinel; Orlando
Sentinel; Hartford Courant; The Morning Call (Allentown, Pa.);
Daily Press (Newport News, Va.); The Advocate (Stamford, Conn.);
Greenwich Time (Greenwich, Conn.); and Hoy, a Spanish-language
newspaper published in New York and Chicago. Additional newspapers
for Hispanic consumers, each published weekly, are El Sentinel
in Orlando and el Sentinel in South Florida. Tribune also
owns 50% of La Opinión, a Spanish-language daily in
Los Angeles. Tribune Publishing includes Tribune Media Services,
a leading provider of entertainment listings and content syndication
to print and electronic media; Tribune Interactive, a top
source of online news and information; and two regional 24-hour
cable news channels: CLTV in Chicago and News 13, a partnership
with Bright House Networks in Orlando. Investment interests
include CareerBuilder (33%) and Classified Ventures (29%).
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