Tribune Buys Free Daily amNewYork

  • September 5, 2006
The Tribune Co. now owns 100% of free tabloid amNew York, buying out the remaining minority interest from co-founder and former Publisher Russel Pergament. Terms of the transaction were not disclosed, but Tribune Publishing President Scott Smith said: "Readership for amNew York is strong, and we expect the newspaper to be profitable in 2006 thanks to excellent advertiser support." amNewYork competes with Metro, a free daily offered by British-based Metro International. Pergament left his role as publisher, but will continue to consult for the paper. He is succeeded by general manager and co-founder Christopher Barnes.

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