Tribune Co. Explores Sale of LA Times, Chicago Tribune
Rupert Murdoch rumored to be interested
By Kevin Spak, Newser User
Posted Dec 11, 2012 4:35 PM CST
In this Dec. 8, 2008 file photo, an unidentified woman leaves the Los Angeles Times building in downtown Los Angeles.   (AP Photo/Kevork Djansezian, File)

(Newser) – What happens when you take the Tribune out of the Tribune Co.? We might be about to find out. The company is actively seeking bankers to help sell off its newspapers—potentially including the Chicago Tribune and LA Times—when it emerges from bankruptcy at the end of the month, sources tell Bloomberg. Rupert Murdoch has already signaled interest, and intends to take a close look at the papers once they're available, one source said.

One analyst, however, says the company may try to hang on to the Times and Tribune, selling off some of the six other daily papers it owns instead. "They'll look at their assets and start to monetize some of them," he predicted.

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Showing 3 of 4 comments
right2dave
Dec 14, 2012 4:22 AM CST
Why buy ANY newpaper anymore. Waste of paper.
homer57
Dec 12, 2012 12:32 PM CST
Whats in ANY newspaper except trash! I quit taking the newspaper etc over 20 years ago! the news they put out is not news, its fluff designed to keep people from the TRUTH!! How is it that EVERY newspaper, and news progran are EXACTLY the same! they all stand on the same issues and THEY support a man w/out a Birth cert in office contrary to the facts and contrary to the ideas that something is/was wrong...However; NOTHING was reported SO....who is really in charge? I'll bet i know!!! 2 Cor 4:4/Ephesians 2:2 KJV!!! P.S. Just to be fair, and balanced as some say...I would take the paper etc "IF" they reported the REAL News and put out the TRUTH!!!
$4565535
Dec 11, 2012 5:26 PM CST
One of the executives from the Chi Trib was fired for his vocal challenge to company authority in the face of their aggressive lay offs. He said something like, How do you expect me to motivate my workers under this policy? Employee morale (and therefore productivity) is low. People are afraid of losing their jobs. What am I supposed to say to rally the troops? We're gonna cut our way back to prosperity?