Salt Lake Tribune: In historic shift, The Salt Lake Tribune gets IRS approval to become a nonprofit
The Salt Lake Tribune is now a nonprofit, an unprecedented transformation for a legacy U.S. daily that is intended to bolster its financial prospects during a troubling time for journalism nationwide.
“The current business model for local newspapers is broken and beyond repair,” said Paul Huntsman, owner and publisher of The Tribune. “We needed to find a way to sustain this vital community institution well beyond my ownership, and nonprofit status will help us do that.”
