“The Tribune’s savior has walked away, having earned a rest and the thanks of everyone who knows how important a real newspaper is to any community,” writes George Pyle. “Without his efforts — his industry, not just his money — you probably wouldn’t be reading this newspaper now.
The Salt Lake Tribune was on the verge of collapse eight years ago when local businessman Paul Huntsman managed a deal.
Even billionaires can’t keep pouring money into a publication just because, as Orson Welles’ most famous character also said, “I think it would be fun to run a newspaper.” The LDS-owned Deseret News and The Tribune were in a joint operating agreement . That’s an exemption to anti-trust laws that helps preserve two competing newsrooms and editorial pages in one town by letting them collaborate on printing, advertising and distribution.
Even with their sign-off, though, Huntsman found that a deal Alden and the LDS leadership had made some time before loomed as a poison pill.
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