Changes of Ownership
In March 2009 100% ownership of the magazine passed to Kevin McGrath, through a new company Tribune Publications 2009 Limited, with the intention of keeping Tribune a left-of-centre publication though broadening the readership.
In late October 2011, the future of Tribune looked bleak once again when McGrath warned of possible closure as circulation and advertising income had not risen as had been hoped. Unless a buyer could be found or a cooperative established, the last edition would have been published on 4 November. McGrath committed to paying off the magazine's debts. A rescue plan, with the magazine owned by staff and readers, saved the magazine at the end of October.
Read more about this topic: Tribune (magazine)
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)