Tribune to Spin Off L.A. Times, Other Papers into Separate Company
Posted: 7/10/2013 | By: Walter Hamilton | Los Angeles Times
Tribune Co. announced plans Wednesday to spin off its beleaguered newspaper unit into a separate company, freeing the media conglomerate to focus on its more promising television and Internet properties.
The new entity, to be called Tribune Publishing Co., would include the Los Angeles Times, the Chicago Tribune and six other daily papers. All other assets, including the company’s real estate holdings and stakes in several Internet sites, would remain part of Tribune Co.