The word: Tribune wants to sell newspapers
December 12, 2012
Tribune Co. may be ready to unload its namesake, along with a number of other newspapers.
As the company readies to emerge from bankruptcy, new reports say the company is in early discussions with several suitors, including News Corp.’s Rupert Murdoch, to sell its papers.
The company is slated to get out of bankruptcy on Dec. 31 under a new coalition of owners including JPMorgan Chase, Oaktree Capital Management and Angelo, Gordon & Co.
Tribune owns eight daily papers, including the Chicago Tribune, Los Angeles Times, Baltimore Sun and Hartford Courant.
Murdoch’s interest comes as News Corp. prepares to split into two companies, one of which will house its publishing interests, including The Wall Street Journal and New York Post.
Freedom Communications has also expressed interest in the Tribune papers, according to reports.
The potential selloff comes at a time of struggle for newspapers, whose ad revenue has been in decline since 2006. A number of papers, including Tribune’s, have begun instituting online paywalls in an attempt to monetize their digital product, but so far that’s not stemming the losses from print.
Tags: Baltimore Sun, bankruptcy, chicago tribune, Freedom Communications, Gordon Co, los angeles times, news corp., newspapers, papers, rupert murdoch, The Wall Street Journal, tribune, tribune co., tribune newspapers, tribune newspapers for sale, tribune papers for sale, tribune sales
Readers: New fall shows are looking better
The seven commandments of community newspapers
So far it’s Clinton over Trump, at least on TV
The next wave: America’s Hispanics and the New America
Tell us, what do you expect from the Rio Games?
History, herstory, Hillary: Final night of the DNC
Cable overnights: ‘Smackdown’ slips in second week
Selling up or selling out: Reddit adds new ads
NBC stays well ahead of competition on Tuesday
NASCAR sets new record for NBCSN
Hispanic TV: Telemundo wins week in 18-49s
This week’s broadcast ratings
Programming blog: What’s canceled and renewed
- Nir Refuah becomes executive creative technology director at McCann
- Scott Voege becomes group account director at Erwin Penland
- Kevin Conroy becomes president of digital at MGM
- Eben Davidson becomes SVP of development at Paramount TV
- Eduardo Suñol rises to VP of Telemundo News Digital
- Jay Trinidad becomes Northeast Asia GM at Discovery
- Mariana Seoane starring in Telemundo's 'El Chema'
- Adam Copeland joins the cast of History's 'Vikings'
- Judd Hirsch joins CBS's 'Superior Donuts'
- Elizabeth Marvel joins Showtime's 'Homeland'
This week’s broadcast ratings
This week’s cable ratings
This month’s digital traffic data: June 2016
This week’s top-rated movies, songs and books
This week’s daypart ratings
This month’s new media traffic data
Needed: Print media buyer in Chicago
Digital media buyer wanted in El Segundo
Media buyer wanted in Austin
Digital media planner wanted in Salt Lake City
Direct mail media planner job in Minneapolis