Tribune Co. hires investment bankers to explore sale of newspaper unit
The Los Angeles Times offices. (Mel Melcon / Los Angeles Times)
Posted on 02/26/2013 1:53:01 PM PST by Ernest_at_the_Beach
Tribune Co. has enlisted investment banks to help sell its newspaper business, including the Los Angeles Times and the Chicago Tribune, people familiar with the matter said Tuesday.
(Excerpt) Read more at online.wsj.com ...
fyi
Circling the drain, they are.
Long, it won’t be.
Put it up on eBay... I bid 50 cents!
I see them going for pennies. lol.
Buy a copy, get a share!
Tribune Co. hires investment bankers to explore sale of newspaper unit
The Los Angeles Times offices. (Mel Melcon / Los Angeles Times)
Paging Rupert Murdoch!.........
Time to clean the Commies out.
Obama sycophants.
************************************EXCERPT*************************************
There has been widespread speculation that Tribune would attempt to unload the newspaper business to focus on its more promising television operations. Rupert Murdoch’s News Corp. is among the possible bidders for the newspaper assets.
$100.00 is my offer for the whole operation.
Nice building.
Now here’s an opportunity for some intelligent investor(s) to secure a couple of significant media outlets and publish some real news instead of all the BS, lies, and propaganda...
so little competition... how could it do anything but succeed!?
$105 but they have to fire that idiot Lou Grant.
lol.
Overpaying.
$110.00 and they are all fired.
I wouldn’t mind having a small press, just for hobby stuff... deliver my own little FReeps to the hometown.
lol
$12.50 that’s my final offer
The Chandler clan got out of the Tribune Co. just in time back in 2007.
http://articles.latimes.com/2007/jun/05/business/fi-tribune5
We could turn out a btter paper with a 60’s memeograph machine.
I could see buying yhat,..fixing it up and renting it out to professionsa;l,...like lawyers and doctors.
lol
Yes we probably could
I still remember the smell of that crazy ink.
http://www.trbimg.com/img-512d1066/turbine/la-fi-mo-tribune-co-hires-investment-bankers-t-001/1920
Nothing like having your teacher as your dealer/supplier ;-)
It made me sneeze and I hated it but I do remember it.
I always liked it. We used to get close and inhale deeply.
i used to love the newspaper format, I wished there were conservatives ones but there aren’t except for the money-losing Washington Times.
I really hated it. I started school in 60. The first I remember memeograph was 65.
What newspaper business?
US or Canadian?
Ditto printing is the smell people are thinking of.
good luck with that, it'd be easier to sell a blind three legged dog...
The Ditto was before my time.
Not me. I’m only 59 years old.
Right. I’m 58 and I used service those things. That fluid burns like hell when you get it in a cut.
You wish. It doesn't take an operating profit to make owning a newspaper profitable.
How does that work (w/o gov't subsidies)?
It is easy to manipulate the value of an asset with the power of the press simply by promoting or panning it. When government gets too democratic, manipulating majority opinion is a way to use government to manipulate asset value, whether by ginning up regulations, lawsuits, or simply calling into question product safety. Even the timing of a news release can control the degree of profit made in the stock market.
Hence, the power to manipulate public opinion is a profitable asset even if the advertising and subscription revenues do not support continuing operations. Power is effectively power for sale. Always has been.
That would work, especially with immunity from prosecution from crony political manipulation.
Qatar will probably snap them up.
Calls planner, 'We've heard about complaints about this developer before. Could you look into and make sure this deal is on the up and up?' Versus, 'Oh, he's a good guy, come on up and let's see how we can work this out.'
The difference could be in the millions. That's power. Too much power. Now you know why the Times Mirror Corporation is the second largest developer in California.
Imaging has come a long way. Communication has come a long way. Everything but humanity has come a long way. The average person is lost without all their electronics. It amusing me to no end to see a 30 something who has lost their smart phone. Total meltdown ensues.
I have to laugh at that comment- far side of thirty- losing cell phone is cause for concern No crying just blessed silence.
However when FR was down that was different story- LOL- serious withdrawal
LOL!
I want everybody associated with the Democrat “mainstream” newsrooms to lose their jobs, their homes, and their families. For what they did to the former America they deserve nothing less.
Maybe the assclown who bought Newsweak will give the Tribune $5 for their newspaper business
IIRC, The Times Mirror is no more, having been sold to the Tribune Co in 2000. The Chandler trusts bailed out of that entity in 2007. Recall that’s when realtor Sam Zell bought the thing and spectacularly rode Tribune to bankruptcy.
True, the Chandler-owned Times Mirror did have major real estate holdings, but I think (but do not know for sure) they were spun off from the newspaper/tv entity.
I do know that Tejon Ranch, in Kern County, still operates, but it’s an independent company. I couldn’t tell you what were the other Chandler real estate holdings, but that stuff never went with the Tribune buyout in 2000, I’m pretty sure.
http://en.wikipedia.org/wiki/Tejon_Ranch
BTW, I agree with your argument about newspapers and power. They don’t have the clout they used to, but they’re worth something in political capital.
Otherwise, that consortium of liberals in Pennsylvania never would have bought the Philadelphia Inquirer a couple of years ago. It was, and still is, losing money, but they bought it anyway.
Roger that. I was checking access to FR every 30 minutes. But I did remain calm. : )
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