By: E&P Staff
The latest speculation regarding the possibility the Tribune Co. might sell off some or all of its properties is that the already heavy-leveraged MediaNews Group could be interested in The Morning Call in Allentown, Pa., and Tribune’s papers in southern Connecticut.
A source close to MediaNews told Newsday those properties could be target since it fits with the Denver-based company’s current holdings.
The source told Newsday that MediaNews Group chief Dean Singleton is unlikely to be interested in Tribune as a whole. “But if they sell off individual papers there are some Dean Singleton would be interested in,” the source said.
There are plenty of local people offering to buy Tribune’s larger properties like the Los Angeles Times, including Ron Burkle and David Geffen. Newsday reported that Frank Zarb, a finance power broker is very interested in Newsday, but Zarb declined to comment.
Three private equity firms have expressed some level of interest in the company according to The Wall Street Journal.
The end of the month marks the deadline for parties that might be interested in Tribune.