The Tribune Company may sell its newspapers once it exits
bankruptcy Dec. 31. The Tribune may create eight companies, put its worst debt
in a few and then sell the others.
Rupert Murdoch, Fox empire mogul, is interested.
Click on the next line to read the story by Andrew
Beaujon in Bloomberg News.
The Orange County Register, former Beacon Journal
reporter John Dunphy’s final newspaper before his retirement, may merge with
the Los Angeles Times after the bankruptcy exit.
Attorneys have billed the Tribune $138 million to handle
its bankruptcy case.
In
2010 MediaNews Group, Minneapolis Star Tribune, Morris Publishing Group and
Journal Register dumped three-quarters of their debt -- nearly $2 billion -- in exchange for a percentage of ownership.
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