Tribune Said to Seek Bankers for Newspaper Sale
Posted: 12/12/2012 | By: Edmund Lee & Serena Saitto | Bloomberg
Tribune Co., the bankrupt owner of the Chicago Tribune, Los Angeles
Times and six other daily newspapers, is interviewing bankers about
selling its papers, according to two people with knowledge of the
The company’s owners are seeking an adviser for a possible sale after Tribune Co. exits bankruptcy, which is slated to happen by Dec. 31, according to the people, who asked not to be named because the talks are private. Rupert Murdoch, chairman and chief executive officer of News Corp. (NWSA),
plans to take a close look at Tribune Co.’s newspaper assets once
they’re available, according to a person with knowledge of his thinking.