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Letter: Recent move by Trib owners should have readers worried
First Published Apr 10 2014 01:01 am • Last Updated Apr 10 2014 10:40 am

Re "Tribune braces for more cuts as owner shutters digital initiative" (Tribune, April 3):

Tribune editors may have their reasons, but the important information was buried at the end of the story.

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To wit: The LDS Church-owned Deseret News recently paid new Tribune owner, hedge fund Alden Global Capital, millions to renegotiate the revenue-sharing agreement between the two newspapers, giving the Deseret News 70 percent of profits and nearly halving the Tribune’s share from 58 percent to 30 percent.

The Tribune cannot long remain a viable news-gathering organization under this lopsided and unfair arrangement (unfair because the Tribune’s profits will go to the Deseret News).

This ethically challenged maneuver by the Deseret News may be an effort by the LDS Church to drive the Tribune out of business, thus further monopolizing (think Deseret News, KSL-TV, KSL radio and KBYU-TV) the dissemination of news and opinion in Salt Lake City and Utah.

Tribune readers who cherish its independent voice should be worried.

Allan W. Smart

Salt Lake City

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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