The New York Times will be sold for $3.6 billion to a Chinese consortium, The Wall St. Journal reported.
The news was first reported by the New York Post.
The sale includes the newspaper’s advertising and other assets, including the New Jersey-based business.
The transaction was announced Monday by the Trump Organization, which is in the process of closing on a new headquarters in Jersey City, New Jersey.
Trump has not said whether he will stay in New York.
The New York City-based newspaper is one of the few American newspapers to remain online, with a digital subscription base that surpassed 10 million in the latest fiscal year, the company said in a statement.
Its digital subscriber base is growing fast and will continue to grow as the newspaper continues to provide our readers with news, opinion, and entertainment,” the company added.
The newspaper will continue as an online subsidiary, the newspaper said.
Trump owns the New England Sports Publishing Co. (NESP) which publishes The New Yorker, The Washington Post, The New Republic, The Hollywood Reporter and other publications.
The newspaper’s circulation has grown from 1 million to 3 million since it launched in 2012.