Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and grapples with a decline in revenue as the print-ad business shrinks.
The Chicago-based company, which owns the Chicago Tribune, New York Daily News, Baltimore Sun and other major daily papers, said in a Monday statement that CEO Timothy Knight and non-executive chairman David Dreier are both leaving their positions.
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