The Tampa Bay Times should disclose list of investors
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A group of local investors stepped forward with a loan of $12 million to help bail out the Tampa Bay Times.
According to a story in the Times (June 30, 2017), the investor group, FBN Partners, has taken a mortgage on the buildings and 27 acres of land at the newspaper's printing facilities in St. Petersburg. The story goes on to list some of the investors, but not all, stating that some did not want to be identified publicly.
We believe the Times, being one of the main news sources in the Tampa Bay region, should disclose the names of all its investors. If this were a story about investors bailing out another company, the Times certainly would be posting all the investors' names as soon as they were confirmed.
The Times says the loan does not give the investors a say in the Times' news coverage or commentary, and though we are confident in the integrity of the Times' journalists, we still feel the company should be transparent and list all its investors. It's the right thing to do.
We thank the Times for its longstanding commitment to excellence and to our community, and look forward to learning more about the group of investors who are helping ensure Tampa Bay continues to have one of the best papers in the country.
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