Tampa Bay Times Borrowed $13.3 Million to Finance Tribune Purchase

The Tampa Bay Times took on about $13.3 million in new debt just before it purchased its main competitor, the Tampa Tribune, according to a mortgage filed in Pinellas County.

The mortgage did not disclose what the Times paid for the Tribune, and Times chairman and CEO Paul Tash said Wednesday the amount borrowed is not the purchase price.

That’s because the debt includes money for costs such as professional fees associated with the transaction.

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