Tampa Bay Times purchases its competitor, Tampa Tribune

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PHOTO VIA THE TAMPA BAY TIMES
One of Florida's great newspaper wars ended Tuesday after the Tampa Bay Times purchased its weakened competitor, the Tampa Tribune, leaving the region with only one daily newspaper. 

The Times, which is the state's largest newspaper, reports its chairman and CEO Paul Tash announced the purchase, saying in a statement, "The continued competition between the 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."



The Times says bureau openings in the late 1980s started a competition among the newspapers to see who could get the best stories. 

"But the combination of the rise of the Internet, which shattered newspapers' business models, and the Great Recession of the late 2000s took a toll on both papers," according to the Times. "Like newspapers nationally, the Times and Tribune saw advertising revenues plummet to a fraction of their previous levels. Both papers reduced staff and shrunk the geographic areas they served."



Earlier this year, the Times announced it would start printing the Tribune at its St. Petersburg plant. Tash also said there would likely be at least 100 job losses at the Tribune

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