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Tampa Tribune sold to investment firm

The Tampa Tribune | Tampa Bay Times | MarketWatch
Media General sold The Tampa Tribune to Revolution Capital Group, the companies announced Monday. The sales price was $9.5 million.

“It’s a bittersweet day for Media General to complete the sale of its last remaining newspaper group,” Media General CEO Marshall Morton said in a press release. “We believe strongly in the value of local content,” Revolution managing partner Robert Loring said in the release.

Loring told Tampa Tribune reporter Richard Mullins “We are definitely in this for the long haul. We don’t flip businesses.”… Read more

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