After years of heavy financial losses, The Salt Lake Tribune is pursuing federal approval to become a nonprofit operation sustained by donations large and small.
Owner Paul Huntsman, who bought Utah’s largest newspaper in 2016, confirmed his lawyers have approached the IRS about changing The Tribune from a privately owned business to a community asset.
The wealthy businessman said he sees the transformation as the best way to sustain the newspaper and maintain its independence.
Though in its early stages, the move by the 148-year-old publication would mark the first attempt by a legacy U.