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Tampa Bay area wakes up without Tampa Tribune

Posted at 7:54 AM, May 04, 2016

Tampa Tribune customers are waking up without their newspaper.

The 123-year-old paper ceased publication Tuesday after it was bought by its main competitor, Tampa Bay Times, for an undisclosed purchase price from Revolution Capital Group.

The Times printing presses produced the newspaper's first combined publication today.

This morning some Tribune employees also are looking for new jobs. About 100 of the Tribune's 265 employees are expected to be laid off. 

The Tribune employees who are laid off get 60 days severance pay.

Paul Tash, CEO at the Tampa Bay Times, said there are duplicate positions that make the cuts necessary.

The buyout was important because the competition between the Tribune and Times were hurting both companies. Tash said. The purchase will give the Times stronger financial footing.

"There are very few cities that are able to sustain more than one daily newspaper and the Tampa bay region is not among them," Tash said.