2004 the paper decided to move from its historic location at the downtown Tribune building, to The Gateway development. Many people, including several Tribune employees, opposed the move, stating that it would harm the economy of Salt Lake's downtown. The move was completed in May 2005 and Tribune employees were told by Editor Nancy Conway, "It is just a building." Bankruptcy After emerging from bankruptcy in 2010, MediaNews Group lost control of its ownership to a hedge fund, Alden Global Capital. "The remainder of the Denver-based chain is owned by a consortium of lenders and by Singleton himself." In 2016, Huntsman Family Investments, LLC, a company controlled by Paul Huntsman, bought The Salt Lake Tribune. Paul Huntsman is the son of industrialist Jon Huntsman Sr. who serves as chairman of the holding company, and brother of former Utah governor and ambassador to Russia Jon Huntsman Jr. Conversion to Nonprofit On April 20, 2016, Huntsman Family Investments, a private equity firm headed by Paul Huntsman, son of industrialist Jon Huntsman Sr., announced that it would be buying the Tribune. He soon announced plans to take the paper non-profit. In November 2019 the newspaper won approval from the Internal Revenue Service to become a 501(c)(3) non-profit. In October 2020, the newspaper announced it would cease daily print publication at the end of the year, shifting instead to a weekly print product while maintaining a robust online presence. It is the first major (and first daily) U.S. newspaper to become a nonprofit. In 2017, the Tribune was awarded the Pulitzer Prize for Local Reporting for "a string of vivid reports revealing the perverse, punitive and cruel treatment given to sexual assault victims at Brigham Young University, one of Utah’s most powerful institutions." The team included lead reporter Erin Alberty, managing editor Sheila R. McCann, reporters Jessica Miller and Alex Stuckey and editor/writer Rachel Piper. The package of winning stories also included an investigation into multiple reports that were not properly investigated by Utah State University. In May 2018, the Tribune laid off over 38% of its newsroom staff, reducing headcount from 90 to 56. This was the fourth round of layoffs since 2011, and the first under the leadership of owner and publisher Paul Huntsman. The reason put forward for this was lower revenue due to decreased circulation and lower profit from online advertisements. Huntsman said that in the two years since he