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May 4, 2016

Rich new owners shake up news industry

  • The trend of power brokers like Jeff Bezos and Sheldon Adelson buying newspapers has been propelled by bargain prices due to big declines in ad revenue and print readership.
    • By BRADY McCOMBS
    Associated Press

    SALT LAKE CITY — The Salt Lake Tribune's pending sale to the wealthy Huntsman family unshackles the newspaper from cost-cutting corporate owners and resolves crippling financial uncertainty — but it also raises concerns about whether the influential family will meddle in the paper's coverage.

    The same question has come up after other recent newspaper purchases by millionaires — an emerging trend in a struggling industry.


     
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