MediaBuyerPlanner: Tribune Co., having recently sold two Connecticut newspapers as well as others, has said that it has no plans to sell any other papers.
Part of the company’s plan to boost shareholder value was the sale of $500 million of non-core assets, and the sale of the Connecticut papers put it past that mark, writes Reuters.
The publisher and broadcaster is considering plans to satisfy investors, such as bids to buy out the company or spin off divisions. It is expected to make a decision by the end of the month.
Related stories:
- Gannett Gets Connecticut Papers from Tribune
- Chicago Billionaire Zell May Bid for Tribune Co.
- Tribune Co. Unlikely to Accept Chandler Family Offer
- LA Billionaires Compete with Chandler Family for Tribune Co.
- Merrill Lynch: Tribune Not Likely to Receive Attractive Offers
- Tribune Co. Declines Geffen’s $2B All-Cash Offer (for Now)
- Tribune Co. Delays Decision on Break-up or Sale
- Chandler Family Straddles ‘Tribune Co.’ Fence
- Tribune Co. Hires Consultants to Explore Options
- Tribune Company Ponders Sale of Media Assets
- Tribune May Decide Fate of ‘LA Times’ Thursday
- Chicago Trib’s New City News Service Shuttered
