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: CBS late night is poised for gains
Huge surge for Sweet Sixteen games
Latest forecast for the upfront: Not good
Jon Swallen on the media economy
‘The Dovekeepers,’ a long four hours
Rachel, the interview did not go well
Tell us, what’s the state of late-night TV?
Best bets on TV this weekend 3.27.15
Cable overnights: ‘Catfish’ hooks a win
Social’s share of display ads is on the rise
Apple eyes a foray into streaming music
Alas, it’s farewell to ‘Downton Abbey’
A lackluster return for ‘American Idol’
- Kristi DesJarlais becomes SVP and GM at Saxum
- Jason Wyrick rises to VP of digital platforms at Starz
- Brad Dunn becomes chief digital officer at Athlon Media Group/Parade
- Jazmine Hughes becomes associate digital editor at NY Times Magazine
- Steele Marcoux becomes editor at Coastal Living
- Erantzeri Corona becomes VP of marketing at MoviePass
- Zendaya hosting the Radio Disney Music Awards
- Rex Linn joins the cast of ABC's 'Nashville'
- Chris McDonald replaces James Caan in Fox's 'Fantasy Life'
This week’s broadcast ratings
This week’s cable ratings
This month’s new media traffic data
This week’s top movies, songs and books
This week’s daypart ratings
This week’s younger viewer ratings
Media planner/buyer position in Columbia, SC
Media planner/buyer job in Summit, NJ
Job opening: Next president of TAB
Digital media buyer job in Salt Lake City
TV media buyer wanted in New York