Peninsula Times Tribune Ceases Publication
PALO ALTO, Calif. (AP) _ The Peninsula Times Tribune failed to attract a buyer and has ceased publication, eliminating 280 jobs.
″The last bidder withdrew this week after discussions with the Times Tribune unions,″ publisher Robert E. Wood said in a statement Friday. ″Given the outlook, we have concluded there is no alternative but to permanently cease newspaper operations.″
Times Tribune staffers learned Friday’s issue would be their last during a morning meeting.
The Peninsula Times Tribune, owned by the Tribune Newspaper Co., had an approximate circulation of 40,000 and served 10 affluent communities on the peninsula south of San Francisco.
The paper was offered for sale in November 1992, and Wood issued a plant closing notice to employees on Feb. 12. Editor Bill Harke said the notice was scheduled to expire April 12.
Also closing are Peninsula Community Newspapers, which produces nine free weekly newspapers.
Tribune Newspaper Co. is a wholly owned subsidiary of Chicago-based Tribune Co. and publishes six other daily newspapers, including the Chicago Tribune and the Orlando Sentinel.