Rep. Waxman on Tribune Meeting: ‘My Concern About the Fate of the Los Angeles Times Was Not Alleviated’

By: Ira Teinowitz | The Wrap

Rep. Henry Waxman said Wednesday that his staff had a “helpful meeting” with the general counsel and the chief financial officer of the Tribune Co., but his concerns remain about the company’s plans to divest its newspaper properties, including the Los Angeles Times.

“I am better informed about the transaction as a result of the meeting, but my concern about the fate of the Los Angeles Times was not alleviated,” Waxman said. “The Tribune Company officials stressed their view that the company is acting in the best interests of its shareholders.  My concern, however, is the best interests of the public in the on-going viability of the Los Angeles Times and other important newspapers.  I intend to continue my inquiry and will be seeking a personal meeting with the CEO of the Tribune Company.”