Utah native and billionaire Matthew Prince and his wife Tatiana announced Tuesday morning they’re buying the Park Record from Ogden Newspapers.
Prince co-founded and is the CEO of Cloudflare, an internet infrastructure and cybersecurity company that went public in 2019. According to Forbes, his net worth is roughly $2.3 billion. He’s considered the wealthiest man in Utah.
Prince recently made headlines when he was accused by Park City Municipal of inserting language into a state bill that would override local land use code in order to expand his home on Treasure Hill. Legislators voted down the language related to his home renovation plans.
In a press release Tuesday morning, the Princes said he and his wife plan to convert the paper into a non-profit organization or public benefit corporation.
Co-owner of Ogden Newspapers Cameron Nutting Williams said the company only considered selling to a family with deep roots and a commitment to Park City.
This article is published through the Utah News Collaborative, a partnership of news organizations in Utah that aim to inform readers across the state.