Tribune Co. Looks To Divest Newspapers – 12/12/2012
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.
See on www.mediapost.com