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Tribune to Sell Hoy New York to ImpreMedia
Company to Focus on Continued Growth
of Hoy in Los Angeles and Chicago
CHICAGO,
February 12, 2007 -- Tribune Publishing,
a division of Tribune Company (NYSE:TRB), today announced
the sale of Hoy New York, its Spanish-language daily newspaper,
to ImpreMedia, LLC. The sale, which is expected to close
during the first quarter of 2007, does not include the Hoy
publications in Los Angeles and Chicago. Terms were not disclosed.
"Although Hoy New York made good progress over the
last year, we did not see a path to profitability in this
market," said Scott C. Smith, Tribune Publishing president.
"Hoy is a better operational fit for ImpreMedia, a respected Spanish-language
publisher that will carry on Hoy’s commitment to informing
and entertaining New York’s widely diverse Hispanic
community."
Tribune will continue to publish Hoy editions in Los Angeles
and Chicago, as well as weekly Spanish-language newspapers
in Orlando and South Florida.
"In all of our markets, serving Hispanic
consumers and helping advertisers reach them is an important
part of our publishing growth strategy," Smith said.
Going forward, the Los Angeles and Chicago
editions of Hoy will be more closely aligned with the Los
Angeles Times and Chicago Tribune, respectively. Javier
J. Aldape, Hoy acting publisher, will now serve as general
manager and editor of Hoy’s Los Angeles edition,
and oversee shared editorial content in both editions.
Julian G. Posada continues as Hoy general manager in Chicago.
Anne S. Kelly, Hoy vice president/advertising, will manage
national sales and major retail accounts for both editions
of Hoy.
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TRIBUNE (NYSE: TRB) is one of
the country’s top media
companies, operating businesses in publishing, interactive
and broadcasting. It reaches more than 80 percent of U.S.
households and is the only media organization with newspapers,
television stations and websites in the nation’s top
three markets. In publishing, Tribune’s leading daily
newspapers include the Los Angeles Times, Chicago Tribune,
Newsday (Long Island, NY), The Sun (Baltimore), South Florida
Sun-Sentinel, Orlando Sentinel and Hartford Courant. The
Company’s broadcasting group operates 23 television
stations, Superstation WGN on national cable, Chicago’s
WGN-AM and the Chicago Cubs baseball team. Popular news and
information websites complement Tribune’s print and
broadcast properties and extend the Company’s nationwide
audience. |
