Wall Street Asset-Strips Tribune’s Newspapers

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By: Ryan Chittum | Columbia Journalism Review

Tribune Company, which emerged from bankruptcy six months ago, announced last week that it will spin off its declining newspapers into a separate company, separating them from the company’s highly profitable broadcast business.
 
When Rupert Murdoch decided to do this with his publishing assets, wags in the Wall Street Journal newsroom called the future spinoff ShitCo because all the high-margin growth properties would go into 21st Century Fox.































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