Lozano Enterprises & Tribune Company To Seek Dissolution Of Newspaper Partnership.

The Lozano family, founders of La Opinión and Tribune Company have agreed to explore a formal dissolution of their partnership. The Lozano family has retained UBS Investment Bank, a leading global securities and investment banking firm, as their advisor in seeking financing for a repurchase of Tribune’s equity in La Opinión.

José Ignacio Lozano, Publisher and CEO of La Opinión, said, “Our mission has always been one of service to our community and its enrichment and empowerment. While we appreciate many aspects of our partnership with Tribune, we believe that La Opinión can best achieve that mission outside of the Tribune organization. We look forward to the opportunity to independently pursue our goal of growing while remaining the most respected source for news and information for the Spanish speaking community in Southern California.”

Monica Lozano, President of La Opinión, added, “This company was founded on the principles of service to the community and serving as the voice for those who didn’t have one. We expect to keep and honor that tradition by expanding to serve this market.”

“Tribune Publishing has valued greatly being able to serve Los Angeles’ Spanish-speaking population through La Opinión,” said Jack Fuller, Tribune Publishing president. “The Lozano family has expressed a desire to operate La Opinión as an independent newspaper once again. We understand and are willing to cooperate in making that happen.”