McClatchy, Viacom Buy Tacoma Newspaper
TACOMA, Wash. (AP) _ The Tribune Publishing Co., publisher of The Tacoma News Tribune, has been sold to California-based McClatchy Newspapers and New York-based Viacom International, a Tribune official said Wednesday.
Bill Honeysett, president and chief executive officer of Tribune Publishing, said an agreement in principle had been reached and the sale probably would be completed in about four months.
The purchase price was more than $205 million, according to Tuesday’s editions of the Seattle Times, which quoted ″sources close to the negotiations.″
Honeysett declined to reveal the price.
McClatchy, owner of newspapers and other media properties in California, Nevada, Washington and Alaska, will acquire The Tacoma News Tribune, with a circulation of about 106,000.
Viacom, a cable television company, is buying the company’s cable television assets, which serve about 75,000 subscribers in Pierce, King and Thurston counties, Honeysett said. Viacom also will take possession of KNBQ- FM, a radio station serving Tacoma-Pierce and Seattle.