Tampa Bay Times purchases main competitor, the Tampa Tribune

Courtesy of AP Graphics

ST. PETERSBURG, Fla. (AP) – Florida’s largest newspaper, The Tampa Bay Times, says it has purchased its main competitor, the Tampa Tribune, ending a decades-long newspaper rivalry.

In a statement released Tuesday, Times chairman and CEO Paul Tash said he intends to create one financially secure, locally owned daily newspaper in the Tampa Bay region.

Tash did not disclose the purchase price. The Times bought the paper from Revolution Capital Group, which bought the Tribune in 2012 for $9.5 million.

The purchase marks the end of the 123-year-old Tampa Tribune as a standalone newspaper.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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