The Tampa Bay Times bought and folded the Tampa Tribune, making Tampa a one-newspaper city

You might have heard: The Tampa Tribune was sold by Media General in 2012 to a Los Angeles-based private equity investment group for $9.5 million (Tampa Bay Times)

But did you know: The Tampa Bay Times bought the Tampa Tribune on Tuesday for an undisclosed price and folded the Tribune, ending a 29-year competition between the two papers. Cuts are expected to the Tribune newsroom; Times CEO Paul Tash said at least 100 layoffs are expected. The acquisition makes the Tampa Bay region a one-newspaper city. Tash says: “The continued competition between the two newspapers was threatening to both. There are very few cities that are able to sustain more than one daily newspaper, and the Tampa Bay region is not among them.”