Dissolution
Copley Press began selling off properties in the 2000s. Hollinger International bought the Company's Chicago-area publications (The Herald News, The Beacon News, The Courier News, and The News Sun, along with several smaller papers) in 2000. The remaining Illinois papers (The State Journal-Register, the Peoria Journal Star, The Repository, and some smaller papers) were sold to GateHouse Media in 2007.
In 2006, the Daily Breeze was sold to Hearst. In December 2007, the Union-Tribune reported that Copley Press was selling La Casa del Zorro, a resort it owned in Borrego Springs. Copley News Service itself was sold to Creators Syndicate for an undisclosed price and renamed Creators News Service, on 1 July 2008.
In late July 2008, the company began seeking buyers for the Union-Tribune, as well as several other businesses like Enlace, a free Spanish-language tabloid, and SignOnSanDiego.com, the online arm of the U-T. The announcement did not make clear what, if anything, would be left with the Copley Press name. Platinum Equity agreed in March 2009 to purchase the Union-Tribune for an unspecified sum. Copley Press currently is working with Evercore Partners, the same company that helped sell off other business units, to determine a price for the remaining assets.
Declining advertising revenue was cited as the reason for the company's dissolution.
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