Tribune execs would sell ‘many’ TV stations
Cory Bergman September 26th, 2006
The Chicago Tribune reports that Trib management’s favorite scenario would be to “spin off many of Tribune’s roughly two dozen television stations in a tax-advantaged transaction, unload several of the smaller papers and take the rest of the company private in a leveraged buyout.” The stations to keep? New York, LA and Chicago. But the idea will have to wait until recommendations from a new independent panel.
8 Comments Add your own
1. Anon | September 26th, 2006 at 9:52 am
It’s not surprising. Those are the only three stations that Tribune has spent its money on. All of the others are redheaded bastard stepchildren, clawing thier way through one or two daily newscasts.
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