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Tribune keen for single sale of its newspaper titles | Tribune keen for single sale of its newspaper titles |
(7 months later) | |
The beleaguered US media company, Tribune, is seeking a single buyer for all of its newspapers, reports Bloomberg. | The beleaguered US media company, Tribune, is seeking a single buyer for all of its newspapers, reports Bloomberg. |
Tribune, which emerged from bankruptcy at the end of 2012, owns the Los Angeles Times, the Chicago Tribune and six other daily papers. A single transaction would certainly simplify matters for Tribune, which also runs 23 TV stations. | Tribune, which emerged from bankruptcy at the end of 2012, owns the Los Angeles Times, the Chicago Tribune and six other daily papers. A single transaction would certainly simplify matters for Tribune, which also runs 23 TV stations. |
One possible buyer is Freedom Communications, which publishes the Orange County Register and other papers in California and Arizona. | One possible buyer is Freedom Communications, which publishes the Orange County Register and other papers in California and Arizona. |
But there are bidders for individual titles. Rupert Murdoch's News Corp has expressed interest in acquiring the LA Times, for example, and the company that owns the Chicago Sun-Times would like to buy its rival, the Chicago Tribune. | But there are bidders for individual titles. Rupert Murdoch's News Corp has expressed interest in acquiring the LA Times, for example, and the company that owns the Chicago Sun-Times would like to buy its rival, the Chicago Tribune. |
And Warren Buffett is reported to be keen to add the Morning Call, the paper that serves Allentown, Pennsylvania, to his ever-growing newspaper stable. | And Warren Buffett is reported to be keen to add the Morning Call, the paper that serves Allentown, Pennsylvania, to his ever-growing newspaper stable. |
Source: Bloomberg | Source: Bloomberg |
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