Paul Huntsman, who bought the Salt Lake Tribune in 2016 and converted it into a nonprofit three years later, is resigning as chairman of the newspaper’s board of directors and stepping away from its operations.
Huntsman made the announcement Friday in an open letter on the Tribune’s website.
As chairman of the board, he also headed the paper’s six-person editorial board, which selects topics and positions for the Sunday editorials.
“This has taken a toll on me. I have never taken a penny of compensation, nor expected to receive any, from the Tribune. This effort has taken me away from many other professional responsibilities related to managing the growing investments at our family office,” wrote Huntsman, son of the late industrialist and philanthropist Jon M. Huntsman Sr.
Huntsman bought the Tribune from New York-based Alden Global Capital in 2016. Three years later, he shepherded its unprecedented conversion from a legacy newspaper to a public donation-supported nonprofit.
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