Tribune Publishing Company acquired MLIM, LLC, owner of The San Diego Union-Tribune, as well as nine community weeklies and related digital properties in San Diego County. The purchase price is $85 million, which includes$73 million in cash and $12 million in Tribune Publishing common stock, plus the assumption of obligations for a single-employer pension plan. The San Diego Union-Tribune has garnered four Pulitzer Prizes and has a 146-year history of providing daily news and information in San Diego, the second-largest city in California and the eighth largest in the United States. In conjunction with the acquisition and expansion, Tribune Publishing is forming the California News Group to oversee operations in Los Angeles and San Diego.

Tribune Publishing Announces Agreement to Acquire The San Diego Union-Tribune and its Portfolio of Nine Community Weeklies and Digital Properties