Thursday, December 12, 2019

TRIBUNE LIKELY TO DUMP NEWSPAPERS, BECOME A BROADCAST COMPANY

December 12, 2012 by · Leave a Comment 

The Tribune Co. may wind up as strictly a broadcast company if reports that it plans to sell its newspaper holdings prove to be accurate. Bloomberg said on Tuesday that Tribune, whose newspapers include the Chicago Tribune, Los Angeles Times, Baltimore Sun, Orlando Sentinel and Hartford Courant, intends to sell the money-losing print assets as it exits bankruptcy. Earlier reports have indicated that Rupert Murdoch might be interested in combining them with his about-to-be-spun-off newspaper business. If Tribune does sell off the papers, it would be left with its highly profitable TV and radio stations, which include WGN in Chicago, KTLA in Los Angeles, and WPIX in New York.