TAMPA - The Tampa Tribune was sold to an investment group for $9.5 million, TBO.com reports.
Media General announced that the Virginia-based company is transferring the Tampa Tribune, TBO.com and its affiliated newspapers to L.A. based company Revolution Capital Group.
The company's founder and managing partner Robert Loring said that they don’t plan to flip the business.
“We are definitely in this for the long haul,” he said.
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An eclectic mix of world leaders including President Barack Obama and Cuban President Raul Castro will eulogize Nelson Mandela at a massive memorial service Tuesday in South Africa. INSIDE: Watch live coverage.