Tribune Said to Want to Sell All Newspapers in One Deal
Posted: 3/5/2013 | By: Edmund Lee & Jeffrey McCracken | Bloomberg
Tribune Co. (TRBAA), the media company that
entered discussions to sell its newspapers earlier this year, is
seeking a single buyer for all of the publications, said two
people with knowledge of the process.
Tribune, which emerged from bankruptcy at the end of 2012,
owns the Los Angeles Times, the Chicago Tribune and six other
daily papers. While the bidding is still in the early stages,
the company is seeking acquirers who are willing to purchase the
newspaper chain together, said the people, who asked not to be
named because the talks are private.