Platinum Equity will buy the San Diego News Tribune from parent company Copley Press Inc., after eight months of being on the market, The Associated Press reported. The Copley family will leave the newspaper industry upon completion of the sale.

Platinum intends to keep Karin Winner on as editor of the paper, but also plans to assemble a team of new recruits, including David H. Black of Black Press Ltd., which several Canadian newspapers and has begun to enter into the American market. This is the first newspaper acquisition for Platinum.