Tribune Completes Hoy Sale to ImpreMedia

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Media conglomerate Tribune Co. said Tuesday it completed the sale of its Spanish-language daily newspaper Hoy New York to ImpreMedia LLC.

Financial terms were not disclosed. The transaction was announced in February.

The deal doesn’t include the daily Hoy editions in Los Angeles and Chicago, and Tribune (nyse: TRB – news – people ) will continue to publish the weekly Spanish-language newspapers in Orlando, Fla. and South Florida.

ImpreMedia owns New York’s El Diario La Prensa, the nation’s oldest Spanish-language newspaper, and the weekend paper El Diario Contigo.

Shares of Tribune, which publishes the Chicago Tribune and the Los Angeles Times and owns 23 television stations, were unchanged at $32.93 in midday trading. Real estate tycoon Sam Zell is buying Tribune, the nation’s second-largest newspaper publisher, in an $8.2 billion deal.

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