Well, partly because this is not the kind of thing the LA Times or any other major daily likes to trumpet with a press release.
LA Times on the block
Frank | Tuesday, December 11, 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.
Read more: http://www.mediapost.com/publications/article/189049/tribune-co-looks-to-divest-newspapers.html#ixzz2EnMVHNKl