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Park City billionaire purchases Park Record newspaper

Prince was recently accused by Park City of inserting language into a state bill that would override local land use code in order to expand his home.

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.

To read the full story, visit KPCW.org.

This article is published through the Utah News Collaborative, a partnership of news organizations in Utah that aim to inform readers across the state.