MediaPost Publications Tribune Co. Looks To Divest Newspapers 12/12/2012

See on Scoop.itDaily Content Highlights

Tribune Co. Looks To Divest Newspapers – 12/12/2012

Scott Capito‘s insight:

After five years of bankruptcy and a seemingly endless legal battle, the Tribune Co. is hoping to sell some or all of its newspapers. It is meeting with bankers to lay the groundwork, according to Bloomberg, citing sources familiar with these conversations.

Tribune Co. owns several big metro dailies, including the Chicago Tribune, Los Angeles Times and Baltimore Sun, as well as somewhat smaller newspapers including the Orlando Sentinel, South Florida Sentinel and the Hartford Courant. Tribune Co. could choose to sell some or all properties, or divest them separately over time.

If it choses the latter, per Bloomberg, the small pubs would probably go on sale first.

Read more: http://www.mediapost.com/publications/article/189049/tribune-co-looks-to-divest-newspapers.html?edition=54401#ixzz2EqKGqYCS

See on www.mediapost.com

Advertisements

Leave a comment

Filed under Magazine

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s