Tribune Media
Television broadcasting and digital media company operating local TV stations and networks.
PE-OWNED
Acquired by Alden Global Capital2021-05-25
What Made It Great
Major newspaper publisher and TV station owner with strong local market presence
What PE Will Likely Do
Significant newsroom layoffs, with editorial staff reduced by at least 50%
Consolidation of local news content across Tribune Media's TV stations and digital platforms, leading to less localized reporting
Implementation of paywalls and subscription requirements for access to Tribune Media's news and digital content
Reduction in print frequency or complete elimination of print editions of Tribune Media's local newspapers
Cutbacks to investigative journalism teams, leading to less in-depth reporting on important local issues
Expected Timeline
“0 to 6 months months”
Acquisition announced, promises of 'investment' made, followed by initial round of newsroom layoffs and 'restructuring' announced
“6 to 12 months months”
Print frequency reduced, more content consolidation and paywall implementation, further declines in editorial quality
“12 to 24 months months”
Significant erosion of local news coverage and investigative journalism, leading to growing reader complaints about declining content quality
Similar Cases
Other companies that followed a similar path after PE acquisition
What You Can Do
Actions
Subscribe to and support local news sources that are not owned by private equity firms like Alden Global Capital
Advocate for policies and regulations that protect local journalism and media diversity
Be aware of the potential decline in the quality and depth of news coverage from Tribune Media's local TV stations and digital platforms
Alternatives
Look for family-owned or employee-owned businesses