Media General is now out of the newspaper business, having closed a deal this morning to sell the Tampa Tribune to a Los Angeles-based private equity group. Media General will keep ownership of NBC affiliate WFLA but the newspaper will be moving out of the “News Center” facility completed in 2000 to house the newspaper, TV station and digital properties.
While WFLA employees will remain at 200 S. Parker St., (at left in picture) Tribune employees will move to their old headquarters at 202 S. Parker (at right). Both entities will continue their news partnership. In fact, staffers from each will likely attend daily news meetings.
The buyer, Revolution Capital Group, paid $9.5 million for the Tribune.
In May, Warren Buffett’s Berkshire Hathaway group bought 63 Media General newspapers for $142 million.