Tribune takes control of amNewYork

TRIBUNE TAKES CONTROL OF FREE DAILY amNEWYORK
[SOURCE: Reuters]
Tribune Co. said on Thursday it has acquired full control of amNewYork after buying a minority interest from the free daily newspaper's management group led by co-founder Russel Pergament. Tribune -- which also owns the Los Angeles Times, Chicago Tribune and other papers and Web sites -- did not disclose financial terms. A company spokesman declined to say what percentage Tribune previously owned, but said it was more than 50 percent. AmNewYork competes with Metro, a free daily offered by Luxembourg- and Britain-based Metro International. Metro International also publishes U.S. editions in Boston and Philadelphia.
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